Agnes Wakoyera's Group


Status: Paying Back

$1,275.00   Loan Amount
18% repaid

About the Group

Group Name: Agnes Wakoyera's Group
Group Members: Agnes Wakoyera
Samuel Sewakiryanga
Teddy Namutebi
Rukia Namubiru
Steven Musisi
Aaron Mulawa
Tinah Akiiki
Madinah Nalugya
Location: Mukono, Uganda
Activity: Beauty Salon

About the Loan

Loan Amount: $1,275.00
Loan Use: Buying more hair oils and weaves for expansion.
Repayment Term: 5 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 8, 2009
Date Disbursed: Oct 1, 2009
Date Funded:Oct 18, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:1,904.0000 UGX = 1 USD



Wakoyera Agnes is 24 years old and married with two children as she takes care of two dependants. Agnes is a beautician with a salon in Kitega that has been in operation for 3 years and it is able to make profits of 30,000/= a week. She specializes in plaiting, treatments and haircuts and her major challenge is the power cuts and the expensive chemicals that limit her profits. She has a dream of expanding and having her own salon since the one she has is owned by her husband and has many employees. She also vies to educate all her children to attain the best education so that they can have a better future. Agnes needs a loan to help buy more hair oils and weaves so that she can be able to boost up her business. She is such a friendly young lady and this will help her 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 Agnes Wakoyera's Group


Loan has been disbursed
 
Entrepreneur: Agnes Wakoyera's Group
Location: Mukono, Uganda

Thank you for your loan. It has been disbursed to Agnes Wakoyera's Group, consisting of Agnes Wakoyera, Samuel Sewakiryanga, Teddy Namutebi, Rukia Namubiru, Steven Musisi, Aaron Mulawa, Tinah Akiiki, Madinah Nalugya 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
Oct 19, 2009
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Kiva Help Repayment Schedule for Agnes Wakoyera's Group

  Expected Repayments Actual Repayments Comments
December 2009 $239.06 $239.06 Repayment Received
January 2010 $318.75 Available Jan 1  
February 2010 $398.44 Available Feb 1  
March 2010 $318.75 Available Mar 1