Dodovico Katumba's Group


Status: Paying Back

$1,275.00   Loan Amount
37% repaid

About the Group

Group Name: Dodovico Katumba's Group
Group Members: Dodovico Katumba
Benna Nakafeero
Twaha Sserunjogi
Yusuf Lwanga
John Kakumba
Amidu Kizito
Idi Mbazira (not pictured)
George Jaggwe (not pictured)
Christine Nassuna
Salima Namakika
Location: Mukono, Uganda
Activity: Charcoal Sales

About the Loan

Loan Amount: $1,275.00
Loan Use: To buy more charcoal
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Sep 16, 2009
Date Disbursed: Sep 11, 2009
Date Funded:Sep 22, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:1,954.0000 UGX = 1 USD



Katumba Dodovico is a 60-year-old hardworking man, married with 18 children between the ages of 8 and 35, and he takes care of two dependants. He has been involved in the supply of charcoal to schools and to retailers for 21 years. They take in small quantities and, as a result, he makes 60,000/= weekly profits. He is an honest man who delivers on time, and this has won him customers and contracts. He has a dream of increasing his supplies and lobbying for more school and hospital contracts so that he can make more profit from his business.


Dodovico is the leader of his group in Mukono. Dodovico needs a loan to be able to buy more charcoal from the villages for his 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 Dodovico Katumba's Group


Loan has been disbursed
 
Entrepreneur: Dodovico Katumba's Group
Location: Mukono, Uganda

Thank you for your loan. It has been disbursed to Dodovico Katumba's Group, consisting of Dodovico Katumba, Benna Nakafeero, Twaha Sserunjogi, Yusuf Lwanga, John Kakumba, Amidu Kizito, Idi Mbazira, George Jaggwe, Christine Nassuna, Salima Namakika 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 23, 2009
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Kiva Help Repayment Schedule for Dodovico Katumba's Group

  Expected Repayments Actual Repayments Comments
November 2009 $79.69 $79.69 Repayment Received
December 2009 $398.44 $398.44 Repayment Received
January 2010 $318.75 Available Jan 1  
February 2010 $398.43 Available Feb 1  
March 2010 $79.69 Available Mar 1