Mirembe Namatende's Group


Status: Paying Back

$3,875.00   Loan Amount
37% repaid

About the Group

Group Name: Mirembe Namatende's Group
Group Members: Mirembe Namatende
Kati Buyinza
Hasifah Nantege
Mulondo Nakato
Joyce Anyango
Dorothy Kirunda
Denis Bogere
James Kasada
Catherine Nanyombi
Sarah Nalule
Immy Ssengonzi
Sario Mwaka
Location: Lugazi, Uganda
Activity: Clothing Sales

About the Loan

Loan Amount: $3,875.00
Loan Use: Buying more clothes and shoes for business expansion.
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 5, 2009

About the Country

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



Namatende Mirembe is a 25 year old and a business lady selling first class clothes and shoes from Kiyindi. She is a married lady with three children aged between 8 years to 1 month as she takes care of her late sister’s children. At the start of her business, she was only into selling clothes but included shoes for expansion and more earnings. She is successful because of her loans that increase capital and profitability plus having quality clothes as well as her friendly and good customer care skills. She has a dream of growing much bigger to supply to the rest of the traders as well as building a residential house for them. She is such a hard working lady who needs a loan to help recapitalize her business for a steady supply.



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 Mirembe Namatende's Group


Loan has been disbursed
 
Entrepreneur: Mirembe Namatende's Group
Location: Lugazi, Uganda

Thank you for your loan. It has been disbursed to Mirembe Namatende's Group, consisting of Mirembe Namatende, Kati Buyinza, Hasifah Nantege, Mulondo Nakato, Joyce Anyango, Dorothy Kirunda, Denis Bogere, James Kasada, Catherine Nanyombi, Sarah Nalule, Immy Ssengonzi, Sario Mwaka 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 6, 2009
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Kiva Help Repayment Schedule for Mirembe Namatende'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