Filida Muwanga's Group


Status: Paying Back

$3,825.00   Loan Amount
62% repaid

About the Group

Group Name: Filida Muwanga's Group
Group Members: Filida Muwanga
Betty Mugambe
Alice Nampiima
Richard Kizza
Vincent Mutebi
Rose Babirye
Arthur Nakawombe
David Zibu
Ronald Kiberu (not pictured)
David Wagumba
Location: Mukono, Uganda
Activity: Fish Selling

About the Loan

Loan Amount: $3,825.00
Loan Use: Buying fishing materials and employing labour on her farm.
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Aug 16, 2009
Date Disbursed: Aug 13, 2009
Date Funded:Aug 17, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:2,050.0000 UGX = 1 USD



Muwanga Filida is 48 years old. She is married with 6 children between 20 and 30 years of age. She also has 9 dependents, including one adopted child who is 6 years old. Filida is a fish monger on Lake Victoria. She sells her fish at Mpunge–Buleebi Kachanga. Thanks to previous loans, she also has 12 cows and sells 40 litres of milk per week for additional income.


She is also a farmer and this helps to provide food for home consumption and the excess is sold off for an income. Her specific purpose for this loan is to buy more fishing materials and employ labour on her farm so that she could earn more.



About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more


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Journal entries for Filida Muwanga's Group


Loan has been disbursed
 
Entrepreneur: Filida Muwanga's Group
Location: Mukono, Uganda

Thank you for your loan. It has been disbursed to Filida Muwanga's Group, consisting of Filida Muwanga, Betty Mugambe, Alice Nampiima, Richard Kizza, Vincent Mutebi, Rose Babirye, Arthur Nakawombe, David Zibu, Ronald Kiberu, David Wagumba by Pearl Microfinance Limited in Uganda. We are excited to watch this business grow. Over the 3 months of this loan, Pearl Microfinance Limited will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Mukono, Uganda
Aug 18, 2009
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Kiva Help Repayment Schedule for Filida Muwanga's Group

  Expected Repayments Actual Repayments Comments
October 2009 $239.06 $239.06 Repayment Received
November 2009 $1,195.32 $1,195.32 Repayment Received
December 2009 $956.25 $956.25 Repayment Received
January 2010 $956.25 Available Jan 1  
February 2010 $478.12 Available Feb 1