Reginah Namusoke's Group
Status: Paying Back
| $4,325.00 | Loan Amount |
|---|
50% repaid
About the Group
| Group Name: | Reginah Namusoke's Group |
|---|---|
| Group Members: |
Reginah Namusoke Florence Masibo Wilson Kigaye Fredrick Afatabalaba Robert Bamulumbye Resty Namulwanyi Ritah Nakiranda Peter Kiwunda Veronica Nantume Fred Kizira Robert Lutalo Ephrance Kibuuka Jalia Nakibirango Charles Kintu David Kibirango Jane Nalubega Becky Nabwire (not pictured) |
| Location: | Lugazi, Uganda |
| Activity: | Fish Selling |
About the Loan
| Loan Amount: | $4,325.00 |
|---|---|
| Loan Use: | To buy more fish for resale to her customers. |
| Repayment Term: | 6 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Possible  |
| Date Listed: | Sep 7, 2009 |
| Date Disbursed: | Aug 27, 2009 |
| Date Funded: | Sep 19, 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: | 1,990.0000 UGX = 1 USD |
Namusoke Reginah is the leader of her lending group in Lugazi. She is 57 years old and married with four children, of whom two are still in school. She also takes care of orphans and siblings.
Reginah has been a fish monger at the Lugoba/Kkoba landing site for twenty-nine years, and out of her experience she is able to make weekly profits of $85, which help her in looking after her family and paying the children’s school fees. She is a friendly person and appreciates the contribution that the loans have made in making the success of her business possible.
She hopes to become a supplier of fish to other fish mongers so that she can make more profit. She also hopes to construct a residential house for a rental property. Reginah needs a loan to buy more fish for resale to her customers.
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 Reginah Namusoke's Group
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Loan has been disbursed
Location: Lugazi, Uganda
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Posted by
from Lugazi, Uganda
Sep 20, 2009 |
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Comment on this entry
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Repayment Schedule for Reginah Namusoke's Group
Repayment Schedule for Reginah Namusoke's Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| November 2009 | $1,081.25 | $1,081.25 |  Repayment Received
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| December 2009 | $1,081.25 | $1,081.25 | Repayment Received
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| January 2010 | $1,081.25 | Available Jan 1 | |||
| February 2010 | $1,081.25 | Available Feb 1 | |||
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