Annet Nakibuule's Group


Status: Paying Back

$1,475.00   Loan Amount
26% repaid

About the Group

Group Name: Annet Nakibuule's Group
Group Members: Annet Nakibuule
Sarah Kibiina
Betty Nabawanuka
Ali Ndawula
Hanifa Nalulungi
Grace Nanyonga
Rose Akello
Jesca Namutebi
Prossy Nakacwa
Ibrahim Lukanga (not pictured)
Location: Mukono, Uganda
Activity: Restaurant

About the Loan

Loan Amount: $1,475.00
Loan Use: To buy more foodstuffs for her restaurant
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 8, 2009
Date Disbursed: Sep 23, 2009
Date Funded:Oct 15, 2009

About the Country

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



Nakibuule Annet is a very hardworking lady with a restaurant business. For Annet, her day begins at 5 a.m. when she starts preparing breakfast for her customers in Nabuti. She is able to make 15,000/= as daily income and she says that this would be more except that the food prices are now expensive.

Annet needs to expand her business further by being able to prepare more foodstuffs as well as expanding her house for more space and comfort. She is a single mother of three children who are all in school and this is the best reason why she works so hard. She needs a loan to be able to buy more foodstuffs for her restaurant.




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 Annet Nakibuule's Group


Loan has been disbursed
 
Entrepreneur: Annet Nakibuule's Group
Location: Mukono, Uganda

Thank you for your loan. It has been disbursed to Annet Nakibuule's Group, consisting of Annet Nakibuule, Sarah Kibiina, Betty Nabawanuka, Ali Ndawula, Hanifa Nalulungi, Grace Nanyonga, Rose Akello, Jesca Namutebi, Prossy Nakacwa, Ibrahim Lukanga 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 16, 2009
Comments (1)

Kiva Help Repayment Schedule for Annet Nakibuule's Group

  Expected Repayments Actual Repayments Comments
December 2009 $393.33 $393.33 Repayment Received
January 2010 $393.34 Available Jan 1  
February 2010 $491.66 Available Feb 1  
March 2010 $196.67 Available Mar 1