Margaret Nankabirwa's Group
Status: Paying Back
| $4,900.00 | Loan Amount |
|---|
25% repaid
About the Group
| Group Name: | Margaret Nankabirwa's Group |
|---|---|
| Group Members: |
Margaret Nankabirwa Liz Kavuma Proscovia Walulya Juliet Namatovu John Sewaguma Bashir Kalema Samalie Nabayuga Samalie Nabukenya Rebecca Kasirye Daphine Nantume Madina Namagembe Mary Lutwama Lubega Nassiwa Ismail Muwanga Irene Nsalasata Joweria Kikomeko Badru Kikomeko (not pictured) Peter Mulindwa (not pictured) Rashida Mutesi (not pictured) |
| Location: | Kampala, Uganda |
| Activity: | Used Clothing |
About the Loan
| Loan Amount: | $4,900.00 |
|---|---|
| Loan Use: | To buy more clothes to sell |
| Repayment Term: | 6 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Possible  |
| Date Listed: | Oct 5, 2009 |
| Date Disbursed: | Sep 21, 2009 |
| Date Funded: | Oct 17, 2009 |
About the Field Partner
About the Field Partner
|
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| Field Partner: | Pearl Microfinance Limited |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 26 months |
| Kiva Entrepreneurs: | 10683 |
| Total Loans: | $2,885,625 |
| 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: | 1,925.0000 UGX = 1 USD |
Nankabirwa Margaret is the leader of her lending group in Namasuba. She is a young woman who is obsessed with the desire to succeed through hard work. She is not yet married and has no child.
Margaret has a business selling secondhand clothes and has a shop in central Kampala. She joined her lending group to be able to access more capital for her business since she could not find any other alternative and, sincerely, she has found it worthwhile. She wants to be an independent lady and, even if she gets married, not leave everything to her husband.
Margaret needs a loan to be able to buy more clothes for increased variety, leading to increased sales and hence more income and profits.
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
Margaret has a business selling secondhand clothes and has a shop in central Kampala. She joined her lending group to be able to access more capital for her business since she could not find any other alternative and, sincerely, she has found it worthwhile. She wants to be an independent lady and, even if she gets married, not leave everything to her husband.
Margaret needs a loan to be able to buy more clothes for increased variety, leading to increased sales and hence more income and profits.
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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Top Lending Teams for this group
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7010 Members
Journal entries for Margaret Nankabirwa's Group
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Loan has been disbursed
Location: Kampala, Uganda
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Posted by
from Kampala, Uganda
Oct 18, 2009 |
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Comment on this entry
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Repayment Schedule for Margaret Nankabirwa's Group
Repayment Schedule for Margaret Nankabirwa's Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| December 2009 | $1,225.00 | $1,225.00 |  Repayment Received
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| January 2010 | $1,531.25 | Available Jan 1 | |||
| February 2010 | $1,225.00 | Available Feb 1 | |||
| March 2010 | $918.75 | Available Mar 1 | |||
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