Abdul Malik Matagala's Group
Status: Paying Back
| $1,875.00 | Loan Amount |
|---|
About the Group
| Group Name: | Abdul Malik Matagala's Group |
|---|---|
| Group Members: |
Abdul Malik Matagala Vicky Birungi Phillip Oliech Rashid Kiranzi Musa Waiswa Peter Otim Mastulah Ndagire Swaibu Muyiji Rashid Mubi |
| Location: | Kangulumira, Uganda |
| Activity: | Traveling Sales |
About the Loan
| Loan Amount: | $1,875.00 |
|---|---|
| Loan Use: | Restocking his business with more clothes for the season |
| Repayment Term: | 6 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Possible  |
| Date Listed: | Aug 25, 2009 |
| Date Disbursed: | Aug 14, 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: | 10752 |
| Total Loans: | $2,902,500 |
| 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: | 2,075.0000 UGX = 1 USD |
Abdul says he has been successful in business because he sells a variety of clothing, and his plan is to see to it that he can secure a place so that his business is stationed there instead of moving around all the time. He also works so hard so that he can continue to pay school fees for all his children and dependents. He needs a loan to be able to stock his business with more clothes like hijabs (women's head covering) for the season. He is a hard-working man, ready to hit the sky.
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 Abdul Malik Matagala's Group
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Loan has been disbursed
Location: Kangulumira, Uganda
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Posted by
from Kangulumira, Uganda
Aug 27, 2009 |
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Comment on this entry
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Repayment Schedule for Abdul Malik Matagala's Group
Repayment Schedule for Abdul Malik Matagala's Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| October 2009 | $117.19 | $117.19 |  Repayment Received
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| November 2009 | $468.75 | $468.75 | Repayment Received
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| December 2009 | $585.94 | $585.94 | Repayment Received
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| January 2010 | $468.75 | Available Jan 1 | |||
| February 2010 | $234.37 | Available Feb 1 | |||
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