Erina Namirimu's Group
Status: Paying Back
| $3,850.00 | Loan Amount |
|---|
18% repaid
About the Group
| Group Name: | Erina Namirimu's Group |
|---|---|
| Group Members: |
Erina Namirimu Teddy Nabunya Rose Lule Ismail Kyagera Paul Katamba Victoria Namakula Aminah Barungi Annet Babirye Bruhan Nabingi Ibrahim Katende |
| Location: | Lugazi, Uganda |
| Activity: | Charcoal Sales |
About the Loan
| Loan Amount: | $3,850.00 |
|---|---|
| Loan Use: | To buy more bags of charcoal for resale. |
| Repayment Term: | 6 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Possible  |
| Date Listed: | Oct 12, 2009 |
| Date Disbursed: | Sep 30, 2009 |
| Date Funded: | Oct 21, 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: | 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: | 1,907.0000 UGX = 1 USD |
Namirimu Erina is a determined and friendly lady with three children ages 12, 7 & 4 years. She also helps to take care of other orphans. Erina has had a business selling charcoal from Namataba trading centre for 11 years and she is able to make 70,000/= as profit because she uses loans and has good customer care skills. In Namataba, almost everyone sells charcoal and one needs to be good and have good quality charcoal to be able to make enough sales. She has hopes of becoming a supplier of charcoal herself so that she could be able to earn at once and be able to build a residential house for her children. She needs a loan to be able to buy more sacks of charcoal so that she can have a steady supply and pay 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
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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Laurent D
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Journal entries for Erina Namirimu's Group
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Loan has been disbursed
Location: Lugazi, Uganda
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Posted by
from Lugazi, Uganda
Oct 22, 2009 |
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Comment on this entry
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Repayment Schedule for Erina Namirimu's Group
Repayment Schedule for Erina Namirimu's Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| December 2009 | $721.88 | $721.88 |  Repayment Received
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| January 2010 | $962.50 | Available Jan 1 | |||
| February 2010 | $1,203.12 | Available Feb 1 | |||
| March 2010 | $962.50 | Available Mar 1 | |||
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