Wilson Musitwa's Group
Status: Paying Back
| $1,750.00 | Loan Amount |
|---|
About the Group
| Group Name: | Wilson Musitwa's Group |
|---|---|
| Group Members: |
Wilson Musitwa Charles Nsubuga Joy Kobutungwa Sam Mwindwa Justine Kyosimira Fred Bagyenyi Denis Tugume |
| Location: | Bushenyi, Uganda |
| Activity: | Farming |
About the Loan
| Loan Amount: | $1,750.00 |
|---|---|
| Loan Use: | Improvements to Banana Plantation |
| Repayment Term: | 7 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Possible  |
| Date Listed: | Oct 13, 2009 |
| Date Disbursed: | Sep 24, 2009 |
| Date Funded: | Oct 17, 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: | 1,907.0000 UGX = 1 USD |
Wilson believes that larger harvests will allow him to begin supplying organizations and big towns with bananas. He hopes that with his continued hard work, one day he will be able to send all of his kids to university.
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 Wilson Musitwa's Group
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Loan has been disbursed
Location: Bushenyi, Uganda
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Posted by
from Bushenyi, Uganda
Oct 18, 2009 |
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Comment on this entry
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Repayment Schedule for Wilson Musitwa's Group
Repayment Schedule for Wilson Musitwa's Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| December 2009 | $350.00 | $350.00 |  Repayment Received
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| January 2010 | $350.00 | Available Jan 1 | |||
| February 2010 | $350.00 | Available Feb 1 | |||
| March 2010 | $350.00 | Available Mar 1 | |||
| April 2010 | $350.00 | Available Apr 1 | |||
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