Frank Kakande's Group


Status: Paying Back

$3,875.00   Loan Amount
37% repaid

About the Group

Group Name: Frank Kakande's Group
Group Members: Frank Kakande
Deno Kaggwa
Vegola Birungi
Betty Nalukwago
Sarah Kafuko
Fatuma Nakawunde
Filista Nakafu
Rose Kalyowa
Kosolika Nabirye
Harriet Nakku
Matia Byakika
Harriet Masika
Nalongo Kalyandere
Lwanga Lawrence
Paul Katokole
Fatuma Namwejja (not pictured)
Margaret Babirye (not pictured)
Florence Nantale (not pictured)
Location: Lugazi, Uganda
Activity: General Store

About the Loan

Loan Amount: $3,875.00
Loan Use: To restock his shop for more profits.
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Sep 20, 2009
Date Disbursed: Sep 10, 2009
Date Funded:Oct 16, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:1,940.0000 UGX = 1 USD



Frank Kakande is the leader of his lending group in Lugazi. He is 49 years old and married with six children between the ages of 21 years and only 4 months, due to the fact that he cares for some of his siblings. All of his children are in school, with the firstborn at the University and the rest in secondary and primary schools. Frank has a retail shop in Lyabana county. He opened this business five years ago, and he is able to make about $78 in profits a week. He hopes that after transforming his shop into wholesale sales, he will be able to earn big money so that he can start a farm and raise poultry for increased earnings. He is a very hard working and determined man. He needs to increase his shop's profits so that the school fees payment will be manageable.



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 Frank Kakande's Group


Loan has been disbursed
 
Entrepreneur: Frank Kakande's Group
Location: Lugazi, Uganda

Thank you for your loan. It has been disbursed to Frank Kakande's Group, consisting of Frank Kakande, Deno Kaggwa, Vegola Birungi, Betty Nalukwago, Sarah Kafuko, Fatuma Nakawunde, Filista Nakafu, Rose Kalyowa, Kosolika Nabirye, Harriet Nakku, Matia Byakika, Harriet Masika, Nalongo Kalyandere, Lwanga Lawrence, Paul Katokole, Fatuma Namwejja, Margaret Babirye, Florence Nantale 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 Lugazi, Uganda
Oct 17, 2009
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Kiva Help Repayment Schedule for Frank Kakande's Group

  Expected Repayments Actual Repayments Comments
December 2009 $1,453.13 $1,453.13 Repayment Received
January 2010 $968.75 Available Jan 1  
February 2010 $1,210.93 Available Feb 1  
March 2010 $242.19 Available Mar 1