Fausta Nankya's Group
Status: Paying Back
| $4,975.00 | Loan Amount |
|---|
50% repaid
About the Group
| Group Name: | Fausta Nankya's Group |
|---|---|
| Group Members: |
Fausta Nankya Mohammed Mawejje Olivia Musoke Suzan Kobusingye Fatumah Nazziwa Ruth Ndagano Agnes Namirembe Rose Kagimu Prossy Namutebi Jalia Nantale Felista Nakato Harriet Kaddu Annet Nakafeero Florence Nyanzi Afua Ssendagala Florence Amito |
| Location: | Mukono, Uganda |
| Activity: | Charcoal Sales |
About the Loan
| Loan Amount: | $4,975.00 |
|---|---|
| Loan Use: | To buy more bags of charcoal and green bananas to sell |
| Repayment Term: | 6 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Possible  |
| Date Listed: | Sep 17, 2009 |
| Date Disbursed: | Aug 31, 2009 |
| Date Funded: | Sep 30, 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: | 1,954.0000 UGX = 1 USD |
Nankya Fausta is the leader of her lending group in Mukono. She is 47 years old and married with four children aged 24 to 18 years. She cares for her parents in Bajjo.
Fausta has been a businesswoman involved in the sale of charcoal for four years now and she is able to make 20,000/= a week as profits. This has enabled her to look after her family. She also sells green bananas from the same stall and the strategic positioning of her business is key to its success. She strives to ensure that her businesses grow more to enable her to pay her children’s school fees until they are done with studies.
Fausta needs a loan as increased capital so as to be able to boost her business, especially to buy more bags of charcoal and green bananas to sell.
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
Fausta has been a businesswoman involved in the sale of charcoal for four years now and she is able to make 20,000/= a week as profits. This has enabled her to look after her family. She also sells green bananas from the same stall and the strategic positioning of her business is key to its success. She strives to ensure that her businesses grow more to enable her to pay her children’s school fees until they are done with studies.
Fausta needs a loan as increased capital so as to be able to boost her business, especially to buy more bags of charcoal and green bananas to sell.
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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7031 Members
Journal entries for Fausta Nankya's Group
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Loan has been disbursed
Location: Mukono, Uganda
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Posted by
from Mukono, Uganda
Oct 1, 2009 |
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Comment on this entry
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Repayment Schedule for Fausta Nankya's Group
Repayment Schedule for Fausta Nankya's Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| December 2009 | $2,487.50 | $2,487.50 |  Repayment Received
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| January 2010 | $1,243.75 | Available Jan 1 | |||
| February 2010 | $1,243.75 | Available Feb 1 | |||
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