Nyamitoma United Grace Mabiho Group


Status: Paying Back

$1,375.00   Loan Amount
12% repaid

About the Group

Group Name: Nyamitoma United Grace Mabiho Group
Group Members: Grace Mabiho
Beatrice Kayaza
Sarah Mugara
Teddy Bwaburugu
Mary Tumusiime
Cate Tusiime
Florence Kamalia
Location: Kachwamba, Uganda
Activity: Retail

About the Loan

Loan Amount: $1,375.00
Loan Use: To add capital to her business by purchasing more retail stock.
Repayment Term: 11 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Sep 26, 2009
Date Disbursed: Sep 23, 2009
Date Funded:Sep 27, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:1,914.1600 UGX = 1 USD



Grace Mabiho is a forty year old business woman. She is married and has six children who are all in school. She has a total of ten dependents. She has been operating a retail shop for ten years and wants to add capital to her business by purchasing more retail stock such as Jeri cans of cooking oil, boxes of soap, bags of sugar and rice.


She is a hard working woman who is willing to double her efforts in order to make her business prosperous. Her dreams are to educate her children and improve the standard of living in her home.



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 Nyamitoma United Grace Mabiho Group


Loan has been disbursed
 
Entrepreneur: Nyamitoma United Grace Mabiho Group
Location: Kachwamba, Uganda

Thank you for your loan. It has been disbursed to Nyamitoma United Grace Mabiho Group, consisting of Grace Mabiho , Beatrice Kayaza, Sarah Mugara , Teddy Bwaburugu , Mary Tumusiime , Cate Tusiime, Florence Kamalia by BRAC Uganda in Uganda. We are excited to watch this business grow. Over the 9 months of this loan, BRAC Uganda will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Kachwamba, Uganda
Sep 28, 2009
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Kiva Help Repayment Schedule for Nyamitoma United Grace Mabiho Group

  Expected Repayments Actual Repayments Comments
November 2009 $34.38 $34.38 Repayment Received
December 2009 $137.50 $137.50 Repayment Received
January 2010 $137.50 Available Jan 1  
February 2010 $171.87 Available Feb 1  
March 2010 $137.50 Available Mar 1  
April 2010 $137.50 Available Apr 1  
May 2010 $171.88 Available May 1  
June 2010 $137.50 Available Jun 1  
July 2010 $137.50 Available Jul 1  
August 2010 $171.87 Available Aug 1