Emanuel Bazaala's Group


Status: Paying Back

$2,725.00   Loan Amount
33% repaid

About the Group

Group Name: Emanuel Bazaala's Group
Group Members: Emanuel Bazaala
Teopista Kabaganda
Grace Kabasumbi
Charles Balinda
Charles Kabatabaazi
Godfrey Eyawula
Daniel Mbyemire
Location: Mubende, Uganda
Activity: Clothing Sales

About the Loan

Loan Amount: $2,725.00
Loan Use: To buy more clothes to sell
Repayment Term: 5 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Sep 18, 2009
Date Disbursed: Sep 9, 2009
Date Funded:Sep 19, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:1,950.0000 UGX = 1 USD



Bazaala Emanuel is 57 years old and is the leader of his lending group in Mubende. He is married with eleven children aged between 28 and 14 years and he also cares for three dependents.

Emanuel has been into the sale of clothes in Kabweza trading centre for fifteen years and is able to make 20,000/= a week as profits. He is a friendly and hardworking man and his good customer care has won him many customers. Emanuel has a dream of transforming his shop into a wholesale shop so that he can supply to the other traders as well as to build a family house.

Emanuel needs a loan to be able to buy more clothes of various kinds for resale.




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 Emanuel Bazaala's Group


Loan has been disbursed
 
Entrepreneur: Emanuel Bazaala's Group
Location: Mubende, Uganda

Thank you for your loan. It has been disbursed to Emanuel Bazaala's Group, consisting of Emanuel Bazaala, Teopista Kabaganda, Grace Kabasumbi, Charles Balinda, Charles Kabatabaazi, Godfrey Eyawula, Daniel Mbyemire by Pearl Microfinance Limited in Uganda. We are excited to watch this business grow. Over the 2 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 Mubende, Uganda
Sep 20, 2009
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Kiva Help Repayment Schedule for Emanuel Bazaala's Group

  Expected Repayments Actual Repayments Comments
December 2009 $908.33 $908.33 Repayment Received
January 2010 $908.34 Available Jan 1  
February 2010 $908.33 Available Feb 1