Ben Ruhinda's Group
Status: Paying Back
| $4,700.00 | Loan Amount |
|---|
50% repaid
About the Group
| Group Name: | Ben Ruhinda's Group |
|---|---|
| Group Members: |
Ben Ruhinda Keziel Rwembarido Robert Bagamukunda Deus Kweri John Bakamisaki Lawrence Myumbura Dominico Kagamize Adam Namiganga Enock Tibagaana Julius Tugume Johnson Kyomuhangi Livingstone Byakatonda Sarah Namutebi (not pictured) |
| Location: | Ibanda, Uganda |
| Activity: | Pharmacy |
About the Loan
| Loan Amount: | $4,700.00 |
|---|---|
| Loan Use: | Buying more drugs for the veterinary shop |
| Repayment Term: | 6 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Possible  |
| Date Listed: | Sep 14, 2009 |
| Date Disbursed: | Aug 27, 2009 |
| Date Funded: | Sep 15, 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: | 10660 |
| Total Loans: | $2,878,150 |
| 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: | 1,960.8000 UGX = 1 USD |
Ben Ruhinda is the leader of his lending group in Ibanda. He is a friendly, hardworking and determined man with a veterinary drug shop in the Kanyarugiri trading center. His 15 years of experience has won him customers’ trust and confidence.
He works so hard to ensure that his drug shop expands and to have better education and a bright future of his family. In a week, Ben is able to make 80,000 Ugandan shillings as profits. He needs a loan to be able to increase stock in his drug shop to avoid shortages.
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
He works so hard to ensure that his drug shop expands and to have better education and a bright future of his family. In a week, Ben is able to make 80,000 Ugandan shillings as profits. He needs a loan to be able to increase stock in his drug shop to avoid shortages.
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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Lenders to this group
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Helen
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kathleen
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Tim
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Donna
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Top Lending Teams for this group
Atheists, Agnostics, Skeptics, Freethinkers, Secular Humanists and the Non-Religious
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7005 Members
Journal entries for Ben Ruhinda's Group
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Loan has been disbursed
Location: Ibanda, Uganda
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Posted by
from Ibanda, Uganda
Sep 16, 2009 |
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Comment on this entry
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Repayment Schedule for Ben Ruhinda's Group
Repayment Schedule for Ben Ruhinda's Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| November 2009 | $1,175.00 | $1,175.00 |  Repayment Received
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| December 2009 | $1,175.00 | $1,175.00 | Repayment Received
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| January 2010 | $1,175.00 | Available Jan 1 | |||
| February 2010 | $1,175.00 | Available Feb 1 | |||
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