Juliet Bekita's Group
Status: Paying Back
| $2,425.00 | Loan Amount |
|---|
25% repaid
About the Group
| Group Name: | Juliet Bekita's Group |
|---|---|
| Group Members: |
Juliet Bekita Betty Natukunda Juliet Mugabi Leatitia Asiimwe James Pakwasa Lillian Tumuheirwe Penninah Ainomugisha Allex Kanyonyole Lillian Kebirungi Allex Bainomugisha Medius Kiconco (not pictured) |
| Location: | Ntungamo, Uganda |
| Activity: | General Store |
About the Loan
| Loan Amount: | $2,425.00 |
|---|---|
| Loan Use: | To purchase inventory (crates of beverages). |
| Repayment Term: | 6 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Possible  |
| Date Listed: | Sep 26, 2009 |
| Date Disbursed: | Sep 11, 2009 |
| Date Funded: | Sep 27, 2009 |
About the Field Partner
About the Field Partner
|
|
| Field Partner: | Pearl Microfinance Limited |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 26 months |
| Kiva Entrepreneurs: | 10718 |
| Total Loans: | $2,893,675 |
| Delinquency Rate: | 0.00% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Uganda |
|---|---|
| Avg Annual Income: | $1,700.00 |
| Currency: | Uganda Shillings (UGX) |
| Exchange Rate: | 1,914.1600 UGX = 1 USD |
Bekita Juliet is the leader of her lending group in Ntungamo. She is 58 years old and a widow with 6 children between the ages of 20 and 14. She is also the caretaker for two of her grandparents.
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
Bekita has been operating a bar, a hotel and a retail shop in the Itojo trading center for 23 years now. Although she makes 130,000 Ugandan shillings in profits per week, the combination of her debt and overhead costs are still more than her income, which forces her to continue to borrow from Pearl microfinance.
Juliet has a dream of expanding her businesses in order to put her children through school. She needs a loan to purchase inventory: crates of beverages.
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 Juliet Bekita's Group
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Loan has been disbursed
Location: Ntungamo, Uganda
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Posted by
from Ntungamo, Uganda
Sep 28, 2009 |
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Comments (1)
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Repayment Schedule for Juliet Bekita's Group
Repayment Schedule for Juliet Bekita's Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| December 2009 | $606.25 | $606.25 |  Repayment Received
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| January 2010 | $606.25 | Available Jan 1 | |||
| February 2010 | $606.25 | Available Feb 1 | |||
| March 2010 | $606.25 | Available Mar 1 | |||
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