Rebecca Nassuna Group


Status: Paying Back

$375.00   Loan Amount
33% repaid

About the Group

Group Name: Rebecca Nassuna Group
Group Members: Rebecca Nassuna
Hadjah Nayiga
Location: Kampala, Uganda
Activity: Motorcycle Repair

About the Loan

Loan Amount: $375.00
Loan Use: To buy more motorcycle spare parts
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Sep 21, 2009
Date Disbursed: Sep 4, 2009
Date Funded:Sep 22, 2009

About the Country

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



Rebecca is 32 years old and married with four children between the ages of two and fifteen years, three of whom go to school. She also takes care of additional family members. Rebecca rents a two-room house with electricity but no piped water in a semi-urban area in the outskirts of Kampala. Seven other people live in this house. Her family eats three meals a day.


Rebecca sells spare parts for motorcycles seven days a week in Bwaise, south of Kampala. She receives an average of five customers a day. The major financial challenges she faces are transportation to work and shopping, school fees and rent.


Rebbecca has been with MCDT (Micro Credit for Development and Transformation) for five years with the same group mates and is paying off her tenth loan. She is requesting this loan to buy more spare parts for her shop. Rebecca aspires to see her business grow bigger so she may own her own shop and build a house.










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 Rebecca Nassuna Group


Loan has been disbursed
 
Entrepreneur: Rebecca Nassuna Group
Location: Kampala, Uganda

Thank you for your loan. It has been disbursed to Rebecca Nassuna Group, consisting of Rebecca Nassuna, Hadjah Nayiga by Micro Credit for Development and Transformation SACCO (MCDT SACCO) in Uganda. We are excited to watch this business grow. Over the 5 months of this loan, Micro Credit for Development and Transformation SACCO (MCDT SACCO) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Kampala, Uganda
Sep 23, 2009
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Kiva Help Repayment Schedule for Rebecca Nassuna Group

  Expected Repayments Actual Repayments Comments
November 2009 $46.88 $46.88 Repayment Received
December 2009 $78.12 $78.12 Repayment Received
January 2010 $62.50 Available Jan 1  
February 2010 $62.50 Available Feb 1  
March 2010 $78.13 Available Mar 1  
April 2010 $46.87 Available Apr 1