Florence Nansubuga's Group


Status: Paying Back

$1,600.00   Loan Amount
43% repaid

About the Group

Group Name: Florence Nansubuga's Group
Group Members: Florence Nansubuga
Azabo Friday Kobusingye
Harriet Gwokyala
Robert Sesaazi
Sarah Namatovu
Fred Masaaba
Juliet Namukasa
Sada Mutesi
Rachael Nasaazi
Barbara Mukasa (not pictured)
Prossy Nantumbwe (not pictured)
Location: Mukono, Uganda
Activity: Food Market

About the Loan

Loan Amount: $1,600.00
Loan Use: Buying irish potatoes and chicken for making chips and chicken.
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Sep 14, 2009
Date Disbursed: Sep 4, 2009
Date Funded:Sep 17, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:1,960.8000 UGX = 1 USD



Nansubuga Florence is the leader of her lending group in Mukono. She is 28 years old and married with 2 children aged 12 & 8. Florence is a friendly business lady managing a take away in Kirinya village and she agrees that her main challenge was balancing her own books, but now that she associates with her fellow group members, she is able to manage herself businesswise. She prepares chips, fish and chicken for her customers everyday hence being able to make a profit of 40,000/= out of the business. She vies to expand her business so that she could be able to make more money out of it for paying her children’s school fees, food and clothing. Florence makes the chips out of Irish potatoes and she needs a loan to be able to buy Irish potatoes and chicken 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 Florence Nansubuga's Group


Loan has been disbursed
 
Entrepreneur: Florence Nansubuga's Group
Location: Mukono, Uganda

Thank you for your loan. It has been disbursed to Florence Nansubuga's Group, consisting of Florence Nansubuga, Azabo Friday Kobusingye, Harriet Gwokyala, Robert Sesaazi, Sarah Namatovu, Fred Masaaba, Juliet Namukasa, Sada Mutesi, Rachael Nasaazi, Barbara Mukasa, Prossy Nantumbwe 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 Mukono, Uganda
Sep 18, 2009
Comment on this entry

Kiva Help Repayment Schedule for Florence Nansubuga's Group

  Expected Repayments Actual Repayments Comments
November 2009 $200.00 $200.00 Repayment Received
December 2009 $500.00 $500.00 Repayment Received
January 2010 $400.00 Available Jan 1  
February 2010 $400.00 Available Feb 1  
March 2010 $100.00 Available Mar 1