Faith Nalubega's Group
Status: Paying Back
| $1,325.00 | Loan Amount |
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31% repaid
About the Group
| Group Name: | Faith Nalubega's Group |
|---|---|
| Group Members: |
Faith Nalubega Margaret Adubu Sarah Birungi Elizabeth Najjuma Adam Lubega Hamida Luyiga Sarah Nakaweesi Aisha Nakyagaba Esther Nalongo |
| Location: | Mukono, Uganda |
| Activity: | Crafts |
About the Loan
| Loan Amount: | $1,325.00 |
|---|---|
| Loan Use: | To buy materials for making more crafts |
| Repayment Term: | 6 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Possible  |
| Date Listed: | Oct 19, 2009 |
| Date Disbursed: | Sep 17, 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: | 1,907.0000 UGX = 1 USD |
Nalubega Faith is 56 years old. She is a determined and hardworking lady with a crafts and catering business that she has operated in Butebe for four years. She makes African crafts and arts and her major challenge is that the crafts materials are expensive, hence limiting her profit to 90,000/= a week.
Faith has a dream of expanding her business to start exporting her crafts as well as building rental accommodation for increased income. She needs a loan to help expand her business since the profits made from it help to pay school fees for her five children as well as enabling her to take care of other orphans.
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
Faith has a dream of expanding her business to start exporting her crafts as well as building rental accommodation for increased income. She needs a loan to help expand her business since the profits made from it help to pay school fees for her five children as well as enabling her to take care of other orphans.
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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Lenders to this group
Mag
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Dario
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Sri & Sudha
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Tony
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Jennifer
Oakwood, OH
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Sandra
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Buchanan Family
www.kivafriends.org, Ramsey, NJ
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Rebecca
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Barbara
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Kathryn
London, London
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Anonymous
Huntington, NY
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Laurent D
Brussels,
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Stefan
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Will
Oviedo, FL
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Susan Spencer
Kingston, NY
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St. James
Minneapolis, MN
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shalan
Canada
TomD
Glasgow,
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De Zwerver
Groningen,
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Diane
Pawling, NY
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Gil
Washington, DC
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neddotcom
worldwide, OR
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avery james
lakeville, MN
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Stephanie Grutzmacher
Ellicott City, MD
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Tonya R
FL
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Adam
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Heather
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Maggie
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Journal entries for Faith Nalubega's Group
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Loan has been disbursed
Location: Mukono, Uganda
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Posted by
from Mukono, Uganda
Oct 20, 2009 |
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Comment on this entry
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Repayment Schedule for Faith Nalubega's Group
Repayment Schedule for Faith Nalubega's Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| December 2009 | $414.06 | $414.06 |  Repayment Received
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| January 2010 | $331.25 | Available Jan 1 | |||
| February 2010 | $414.07 | Available Feb 1 | |||
| March 2010 | $165.62 | Available Mar 1 | |||
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