Andrew Kirya's Group


Status: Paying Back

$1,125.00   Loan Amount
62% repaid

About the Group

Group Name: Andrew Kirya's Group
Group Members: Andrew Kirya
Yosiya Mugisha
Rebecca Bulamu
Augustine Buyi
Richard Otim
Patrick Kirya
Location: Jinja, Uganda
Activity: Internet Cafe

About the Loan

Loan Amount: $1,125.00
Loan Use: Buying a photocopying machine for his business
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Sep 7, 2009
Date Disbursed: Aug 12, 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



Andrew Kirya is the leader of his lending group in Jinja. He is 35 years old and married with two children, aged 6 years and 18 months. He has had a business running a computer café on Kutch Road in Jinja for one and a half years from which he makes 180,000 Ugandan shillings as weekly profits. In addition to providing Internet services, he offers photocopying, scanning and training services, hence making more profits. When Andrew was first employed, it was in this business. That is when he got the idea of starting his own business and it’s working for him.

He needs a loan to help buy a photocopying machine for his business since this will continue to diversify the range of services he offers. He has a goal of expanding his business by buying more computers and building his family house and owning a farm. He is a hardworking and friendly man, which helps attract more customers to his 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 Andrew Kirya's Group


Loan has been disbursed
 
Entrepreneur: Andrew Kirya's Group
Location: Jinja, Uganda

Thank you for your loan. It has been disbursed to Andrew Kirya's Group, consisting of Andrew Kirya, Yosiya Mugisha, Rebecca Bulamu, Augustine Buyi, Richard Otim, Patrick Kirya 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 Jinja, Uganda
Sep 11, 2009
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Kiva Help Repayment Schedule for Andrew Kirya's Group

  Expected Repayments Actual Repayments Comments
November 2009 $421.88 $421.88 Repayment Received
December 2009 $281.25 $281.25 Repayment Received
January 2010 $281.25 Available Jan 1  
February 2010 $140.62 Available Feb 1