Suzan Namulindwa's Group
Status: Paying Back
| $4,975.00 | Loan Amount |
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43% repaid
About the Group
| Group Name: | Suzan Namulindwa's Group |
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| Group Members: |
Suzan Namulindwa Christine Namayega Aminah Nalubega Ruth Nassanga Lawrence Byekwaso Harriet Akwale Allen Nakawombe Ruth Namubiru David Kabuye Frank Muwombi Adam Kikabi Juma Kiduddu Florence Nganda (not pictured) |
| Location: | Lugazi, Uganda |
| Activity: | Clothing Sales |
About the Loan
| Loan Amount: | $4,975.00 |
|---|---|
| Loan Use: | Buy clothes stocks and pay children's school fees |
| Repayment Term: | 5 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Possible  |
| Date Listed: | Sep 7, 2009 |
| Date Disbursed: | Sep 3, 2009 |
| Date Funded: | Sep 16, 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: | 1,990.0000 UGX = 1 USD |
Suzan Namulindwa is the leader of this lending group, based in Lugazi. She is thirty years old and married with four children. In total she cares for ten dependents. Suzan has been selling new clothes in Kiyindi market for ten years and, although her business is seasonal with stiff competition, she is able to continue due to her unique products and good customer care.
Suzan has a dream of owning a shop rather than working in the market, so as to be best placed to look after her family. She also hopes to educate her family and build her own house to rent out. Suzan needs a loan to be able to pay her children’s school fees and buy more stock for her business.
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 Suzan Namulindwa's Group
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Loan has been disbursed
Location: Lugazi, Uganda
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Posted by
from Lugazi, Uganda
Sep 17, 2009 |
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Comment on this entry
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Repayment Schedule for Suzan Namulindwa's Group
Repayment Schedule for Suzan Namulindwa's Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| November 2009 | $621.88 | $621.88 |  Repayment Received
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| December 2009 | $1,554.68 | $1,554.68 | Repayment Received
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| January 2010 | $1,243.75 | Available Jan 1 | |||
| February 2010 | $1,554.69 | Available Feb 1 | |||
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