Ismah Sekabira's Group
Status: Paying Back
| $2,950.00 | Loan Amount |
|---|
50% repaid
About the Group
| Group Name: | Ismah Sekabira's Group |
|---|---|
| Group Members: |
Ismah Sekabira Cotilda Namukasa Mayi Nalwanga Josephine Namaganda Irene Nakiwala Grace Nabbosa Prossy Nakidde Juliet Namakula |
| Location: | Mukono, Uganda |
| Activity: | Motorcycle Transport |
About the Loan
| Loan Amount: | $2,950.00 |
|---|---|
| Loan Use: | Buying a motorcycle as a top up with the savings for increased profits. |
| Repayment Term: | 6 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Possible  |
| Date Listed: | Aug 24, 2009 |
| Date Disbursed: | Aug 24, 2009 |
| Date Funded: | Aug 27, 2009 |
About the Field Partner
About the Field Partner
|
|
| 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: | 2,075.0000 UGX = 1 USD |
Ismah Sekabira is the leader of his lending group in Mukono. He is a hard working boda boda cyclist in Mukono for a very long time and because of his down to earth nature, Ismah has a number of loyal customers that will always wait for him even if he has other customers to take. He is a father of four and is able to take care of his family using profits from his business. He now has a motorcycle of his own and he plans to have a fleet so that he can hire them out to his fellow youth in the same business. At the moment, he needs a loan to be able to buy another boda boda in addition to the savings from his previous loans.
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
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 Ismah Sekabira's Group
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Loan has been disbursed
Location: Mukono, Uganda
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Posted by
from Mukono, Uganda
Aug 28, 2009 |
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Comment on this entry
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Repayment Schedule for Ismah Sekabira's Group
Repayment Schedule for Ismah Sekabira's Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| November 2009 | $737.50 | $737.50 |  Repayment Received
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| December 2009 | $737.50 | $737.50 | Repayment Received
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| January 2010 | $921.88 | Available Jan 1 | |||
| February 2010 | $553.12 | Available Feb 1 | |||
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