Winfred Namutebi's Group

Status: Paying Back

$1,175
Loan Request
Pre-Disbursed : Sep 24, 2009
Listed: Oct 2, 2009
Funded: Oct 4, 2009
82% repaid

About the Country

Country:Uganda
Avg Annual Income:$1,700
Currency:Uganda Shillings (UGX)
Exchange Rate:1,922.0000 UGX = 1 USD


In this Group:
Winfred Namutebi, Regina Nalubega, Scovia Kyasiimire, Sarah Nakamya, Margaret Mpambi, Joseph Kyagulanyi, Rose Nakibirango, Mastullah Nabuuma, Jane naume

About the Loan

Location: Kampala, Uganda   Repayment Term: 6 months
(more info)
Activity: Used Clothing   Repayment Schedule: Monthly
Loan Use: Buying more clothes for increased stock.   Currency Exchange Loss: Possible
      Default Protection: Not Covered
Namutebi Winfred is a 30 year old lady and married with 4 children aged between 9 years and 6 months, as she takes care of her siblings. She is a business lady involved in the sale of second hand clothes and the sale of green bananas from Owino and Nansana markets respectively for 17 years. She employs two people to help with both businesses and hence remains with 80,000/= as profits a week. She has a dream of importing her clothes from Dubai for more quality so that she could become self reliant with the increased savings. For the clothes, at times they are scarce to get and once she gets her loan, she will be able to buy in large quantities for increased stock. She is a determined and hard working lady with a strong drive to succeed.



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 Winfred Namutebi's Group


Loan has been disbursed
 
Entrepreneur: Winfred Namutebi's Group
Location: Kampala, Uganda

Thank you for your loan. It has been disbursed to Winfred Namutebi's Group, consisting of Winfred Namutebi, Regina Nalubega, Scovia Kyasiimire, Sarah Nakamya, Margaret Mpambi, Joseph Kyagulanyi, Rose Nakibirango, Mastullah Nabuuma, Jane naume 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 Kampala, Uganda
Oct 5, 2009
Comment on this entry

Kiva Help Repayment Schedule for Winfred Namutebi's Group

  Expected Repayments Actual Repayments Comments
December 2009 $345.59 $345.59 Repayment Received
January 2010 $276.47 $276.47 Repayment Received
February 2010 $345.59 $345.59 Repayment Received
March 2010 $207.35 Available Mar 1