Alice Kyazike's Group
Status: Paying Back
| $4,900.00 | Loan Amount |
|---|
18% repaid
About the Group
| Group Name: | Alice Kyazike's Group |
|---|---|
| Group Members: |
Alice Kyazike Afuwa Nakagwa Salima Nakayenga Jooga Kiwanuka Muhamudu Lule George Kabugo Charles Busulwa Halima Kizili Yusufu Katende Amos Ssemakula Sharifa Musini Florence Mukamawano Farida Nakiwala (not pictured) |
| Location: | Lugazi, Uganda |
| Activity: | General Store |
About the Loan
| Loan Amount: | $4,900.00 |
|---|---|
| Loan Use: | Restocking her retail shop with more products for increased productivity |
| Repayment Term: | 6 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Possible  |
| Date Listed: | Oct 8, 2009 |
| Date Disbursed: | Sep 30, 2009 |
| Date Funded: | Oct 19, 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: | 10752 |
| Total Loans: | $2,902,500 |
| 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 |
Alice Kyazike is the leader of her group in Lugazi. She is a hardworking and determined lady who has had a retail shop in the Samuuka trading center for 10 years. Before the retail shop, Alice was a farmer and because her farm produce was mostly affected by seasonal changes and fluctuating prices, she opened up a shop from which she makes 60,000 Ugandan shillings as a weekly profit.
She is grateful for her loans since they help increase her capital and hence, her profitability. Alice has a dream of becoming a wholesale supplier of shop products so that she could be able to educate her children to the last level. She is a mother of six children ranging in age from 3 to 17 years and she takes care of other orphans.
Alice needs a loan to help add more capital into her business since this ensures a steady running of the business and payment of school fees on time.
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
She is grateful for her loans since they help increase her capital and hence, her profitability. Alice has a dream of becoming a wholesale supplier of shop products so that she could be able to educate her children to the last level. She is a mother of six children ranging in age from 3 to 17 years and she takes care of other orphans.
Alice needs a loan to help add more capital into her business since this ensures a steady running of the business and payment of school fees on time.
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 Alice Kyazike's Group
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Loan has been disbursed
Location: Lugazi, Uganda
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Posted by
from Lugazi, Uganda
Oct 20, 2009 |
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Comment on this entry
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Repayment Schedule for Alice Kyazike's Group
Repayment Schedule for Alice Kyazike's Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| December 2009 | $918.75 | $918.75 |  Repayment Received
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| January 2010 | $1,531.25 | Available Jan 1 | |||
| February 2010 | $1,225.00 | Available Feb 1 | |||
| March 2010 | $1,225.00 | Available Mar 1 | |||
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