George Kamugisha's Group
Status: Paying Back
| $5,000.00 | Loan Amount |
|---|
66% repaid
About the Group
| Group Name: | George Kamugisha's Group |
|---|---|
| Group Members: |
George Kamugisha Prosfer Kakuru Ednance Kasande Amos Tumwine David Atwijukire Soverino Mucunguzi Denis Kakunguru Jane Tibategyeza Regina Ninshaba Judith Kyomuhangi Jeresom Tibamwenda James Byaruhanga Averino Mujuni Marosi Byabeita Geofrey Mukasa Donards Kakuru Moses Taremwa Innocent Ngabirano |
| Location: | Ibanda, Uganda |
| Activity: | Farming |
About the Loan
| Loan Amount: | $5,000.00 |
|---|---|
| Loan Use: | To buy farm inputs like fertiliser and quality seeds |
| Repayment Term: | 5 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Possible  |
| Date Listed: | Sep 15, 2009 |
| Date Disbursed: | Aug 21, 2009 |
| Date Funded: | Sep 16, 2009 |
About the Field Partner
About the Field Partner
|
|
| 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: | 1,960.0000 UGX = 1 USD |
Kamugisha George is the leader of his lending group in Ibanda. He is 52 years old and married with six children aged 20 to 6 years, all in secondary school.
George is a hardworking man who manages two businesses: that is, he is a farmer and at the same time has a carpentry workshop in Rwemengo Trading Centre. It’s because of his loyalty that he is successful in business. He does his two businesses interchangeably and employs a few people to help with his businesses so that he can expand his business as well as have a happy and educated family.
George needs a loan to be able to buy farm inputs like fertilizer and quality seeds to ensure quality production.
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
George is a hardworking man who manages two businesses: that is, he is a farmer and at the same time has a carpentry workshop in Rwemengo Trading Centre. It’s because of his loyalty that he is successful in business. He does his two businesses interchangeably and employs a few people to help with his businesses so that he can expand his business as well as have a happy and educated family.
George needs a loan to be able to buy farm inputs like fertilizer and quality seeds to ensure quality production.
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 George Kamugisha's Group
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Loan has been disbursed
Location: Ibanda, Uganda
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Posted by
from Ibanda, Uganda
Sep 17, 2009 |
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Comment on this entry
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Repayment Schedule for George Kamugisha's Group
Repayment Schedule for George Kamugisha's Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| November 2009 | $1,666.67 | $1,666.67 |  Repayment Received
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| December 2009 | $1,666.66 | $1,666.66 | Repayment Received
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| January 2010 | $1,666.67 | Available Jan 1 | |||
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