Sentongo Nakiyingi's Group


Status: Paying Back

$1,175.00   Loan Amount
56% repaid

About the Group

Group Name: Sentongo Nakiyingi's Group
Group Members: Sentongo Nakiyingi
Mbabazi Mwebe
Daniel Taya
Cate Namyalo
Annet Namyalo
Teopista Nalubega
Venice Namayanja
Lydia Nakabuye (not pictured)
Location: Lugazi, Uganda
Activity: Farm Supplies

About the Loan

Loan Amount: $1,175.00
Loan Use: Buying tomatoes and cabbages and at times matooke for resale.
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Sep 7, 2009
Date Disbursed: Aug 20, 2009
Date Funded:Sep 10, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:1,990.0000 UGX = 1 USD



Nakiyingi Sentongo is the leader of her lending group in Lugazi. She is 42 years and married with 5 children aged between 22 – 12 years as she cares for other siblings. She is a business lady involved in the sale of agricultural produce in Lugazi Central market for 15 years. Mostly she sells tomatoes and cabbages which she started so small with a few bags of the produce but now has more with a possibility of making 100,000/= a week due to her quality produce and the ability of her sellers to pay in time. She also wants to join another business by owning a retail shop in future and later move into a wholesale department. She needs a loan to be able to add more capital into her agricultural produce selling business since this widens the supply of her produce.



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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John
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Karin
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Journal entries for Sentongo Nakiyingi's Group


Loan has been disbursed
 
Entrepreneur: Sentongo Nakiyingi's Group
Location: Lugazi, Uganda

Thank you for your loan. It has been disbursed to Sentongo Nakiyingi's Group, consisting of Sentongo Nakiyingi, Mbabazi Mwebe, Daniel Taya, Cate Namyalo, Annet Namyalo, Teopista Nalubega, Venice Namayanja, Lydia Nakabuye 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 Lugazi, Uganda
Sep 11, 2009
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Kiva Help Repayment Schedule for Sentongo Nakiyingi's Group

  Expected Repayments Actual Repayments Comments
November 2009 $367.19 $367.19 Repayment Received
December 2009 $293.75 $293.75 Repayment Received
January 2010 $293.75 Available Jan 1  
February 2010 $220.31 Available Feb 1