Mary Nakatudde's Group
Status: Paying Back
| $4,150.00 | Loan Amount |
|---|
56% repaid
About the Group
| Group Name: | Mary Nakatudde's Group |
|---|---|
| Group Members: |
Mary Nakatudde Jane Kagoya Jane Mukasa Betty Zalwango Godfrey Gamisha Suzan Birabwa Sarah Nambalirwa Dan Kate Christopher Kayondo Edith Balaza (not pictured) Jesca Namakula (not pictured) Robert Sserunjoji |
| Location: | Lugazi, Uganda |
| Activity: | Liquor Store / Off-License |
About the Loan
| Loan Amount: | $4,150.00 |
|---|---|
| Loan Use: | Restocking her shop with more products and buying more raw materials for making waragi. |
| Repayment Term: | 6 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Possible  |
| Date Listed: | Aug 22, 2009 |
| Date Disbursed: | Aug 19, 2009 |
| Date Funded: | Aug 26, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | Pearl Microfinance Limited |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 26 months |
| Kiva Entrepreneurs: | 10683 |
| Total Loans: | $2,885,625 |
| Delinquency Rate: | 0.00% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Uganda |
|---|---|
| Avg Annual Income: | $1,700.00 |
| Currency: | Uganda Shillings (UGX) |
| Exchange Rate: | 2,050.0000 UGX = 1 USD |
Mary Nakatudde is a determined and hard-working lady. She has run a retail shop and a waragi (Ugandan beer) business for 7 years in Luwayo. She is a single mother of 7 children aged 32-12 years. She also cares for 4 dependents. She is happy to say that her previous loans have enabled her children attend school. Two have graduated from university, one is now taking a course of study, and the rest are in secondary schools.
In her shop, Mary sells food and refreshments. As a result, she makes 200,000/= ("/=" is the symbol for Ugandan shillings) in profit each month. She has a strong plan too expand her shop to earn more income for her children’s continued education and general upkeep.
She needs a loan to help purchase more stock for her grocery shop. She is 48 years old and divorced. Her hard work has benefited her and her family a lot.
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
In her shop, Mary sells food and refreshments. As a result, she makes 200,000/= ("/=" is the symbol for Ugandan shillings) in profit each month. She has a strong plan too expand her shop to earn more income for her children’s continued education and general upkeep.
She needs a loan to help purchase more stock for her grocery shop. She is 48 years old and divorced. Her hard work has benefited her and her family a lot.
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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Top Lending Teams for this group
Atheists, Agnostics, Skeptics, Freethinkers, Secular Humanists and the Non-Religious
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Journal entries for Mary Nakatudde's Group
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Loan has been disbursed
Location: Lugazi, Uganda
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Posted by
from Lugazi, Uganda
Aug 27, 2009 |
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Comment on this entry
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Repayment Schedule for Mary Nakatudde's Group
Repayment Schedule for Mary Nakatudde's Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| November 2009 | $1,296.88 | $1,296.88 |  Repayment Received
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| December 2009 | $1,037.50 | $1,037.50 | Repayment Received
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| January 2010 | $1,037.50 | Available Jan 1 | |||
| February 2010 | $778.12 | Available Feb 1 | |||
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