Mayimuna Namubiru's Group
Status: Paying Back
| $2,700.00 | Loan Amount |
|---|
18% repaid
About the Group
| Group Name: | Mayimuna Namubiru's Group |
|---|---|
| Group Members: |
Mayimuna Namubiru Simon Kawuma Emmanuel Egesa Hadijah Nantumbwe Annet Nakawuma David Kamya Gladys Nabawanuka Jesca Ssemambo Faridah Nazziwa Edith Nakyanja Eron Nantumbwe Michael Kakande David Ssenyonjo Dan Lusagala Robinah Dembe James Musoke Teddy Namuli (not pictured) Joyce Nankya (not pictured) |
| Location: | Mukono, Uganda |
| Activity: | General Store |
About the Loan
| Loan Amount: | $2,700.00 |
|---|---|
| Loan Use: | Restocking her retail shop with more goods for increased profits. |
| Repayment Term: | 6 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Possible  |
| Date Listed: | Oct 8, 2009 |
| Date Disbursed: | Sep 29, 2009 |
| Date Funded: | Oct 18, 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: | 1,904.0000 UGX = 1 USD |
Namubiru Mayimuna is a 32 year old lady and the leader of her lending group in Mukono. She is a widow with 6 children of her own as she takes care of her other step children. Mayimuna is a shop keeper in Kasangalabi and since this is her new business from farming, she is able to make 40,000/= as profits a week. Her major business challenge is the lack of enough capital to boost her business since she is a good person in as far as taking care of her customers is concerned. Mayimuna needs a loan to help restock her shop with more products so as to make more profits out of it.
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
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 Mayimuna Namubiru's Group
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Loan has been disbursed
Location: Mukono, Uganda
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Posted by
from Mukono, Uganda
Oct 19, 2009 |
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Comment on this entry
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Repayment Schedule for Mayimuna Namubiru's Group
Repayment Schedule for Mayimuna Namubiru's Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| December 2009 | $506.25 | $506.25 |  Repayment Received
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| January 2010 | $843.75 | Available Jan 1 | |||
| February 2010 | $675.00 | Available Feb 1 | |||
| March 2010 | $675.00 | Available Mar 1 | |||
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