Passy Nambalirwa's Group


Status: Paying Back

$1,850.00   Loan Amount
31% repaid

About the Group

Group Name: Passy Nambalirwa's Group
Group Members: Passy Nambalirwa
Aidah Nankumba
Fethira Kiwanuka
Suzan Namubiru
Betty Kakooza
Cissy Nakitto
Scovia Namatovu
Peace Akurut
Ruth Nabacwa
Aisha Nakyanzi (not pictured)
Betty Namayoboke
Resty Naluyange
Mariam Nalumansi
Location: Mukono, Uganda
Activity: Tailoring

About the Loan

Loan Amount: $1,850.00
Loan Use: Buying clothing materials for sewing.
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Sep 23, 2009
Date Disbursed: Sep 15, 2009
Date Funded:Sep 23, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:1,920.0000 UGX = 1 USD



Nambalirwa Passy is the leader of her lending group in Mukono. She is 30 years old and married with 3 children with the eldest being 13 and in Primary seven. She is a strong business lady and a tailor for 4 years. At the moment, out of the clothes she makes, she is able to make 50,000/= as weekly profits and would like this to increase in future. She will be able to expand her business by including the sale of clothing materials and already made clothes so as to increase revenue by expanding her business. Passy also hopes to buy a plot of land where she will construct rental houses. She needs a loan to help buy more clothes for sewing as well as to complete the payment of her children’s school fees.



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 Passy Nambalirwa's Group


Loan has been disbursed
 
Entrepreneur: Passy Nambalirwa's Group
Location: Mukono, Uganda

Thank you for your loan. It has been disbursed to Passy Nambalirwa's Group, consisting of Passy Nambalirwa, Aidah Nankumba, Fethira Kiwanuka, Suzan Namubiru, Betty Kakooza, Cissy Nakitto, Scovia Namatovu, Peace Akurut, Ruth Nabacwa, Aisha Nakyanzi, Betty Namayoboke, Resty Naluyange, Mariam Nalumansi 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 Mukono, Uganda
Sep 24, 2009
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Kiva Help Repayment Schedule for Passy Nambalirwa's Group

  Expected Repayments Actual Repayments Comments
November 2009 $115.63 $115.63 Repayment Received
December 2009 $462.50 $462.50 Repayment Received
January 2010 $462.50 Available Jan 1  
February 2010 $578.12 Available Feb 1  
March 2010 $231.25 Available Mar 1