Teo Nakagiri's Group
Status: Paying Back
| $3,375.00 | Loan Amount |
|---|
12% repaid
About the Group
| Group Name: | Teo Nakagiri's Group |
|---|---|
| Group Members: |
Teo Nakagiri Sawda Matendi Isa Ssebowa Maureen Awirio Joseph Wamala Drossy Nantumbwe Moses Kasasira Jane Kagalama Monica Nakibirango Justine Nakaguta Margaret Akori Frank Mbalule Havuna Kawenyera Julius Nyombi |
| Location: | Mukono, Uganda |
| Activity: | Liquor Store / Off-License |
About the Loan
| Loan Amount: | $3,375.00 |
|---|---|
| Loan Use: | To buy more brewing supplies |
| Repayment Term: | 6 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Possible  |
| Date Listed: | Oct 15, 2009 |
| Date Disbursed: | Oct 14, 2009 |
| Date Funded: | Oct 24, 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: | 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: | 1,910.0000 UGX = 1 USD |
Teo Nakagiri began brewing beer ten years ago. A widow, she has been the sole earner of her family for quite some time. Her success as a local brewer has allowed her to pay the school fees of her eight children. Teo is 50 years old and the leader of her group in Mukono.
Recently, Teo’s business has been going through difficult times because of perceived high prices of her products in this time of recession. Additionally some of her customers fail to pay their tabs. She is working on ways to bring prices down a bit and additionally is trying to establish a greater level of control over which individuals may start tabs. Teo is confident that her hardworking nature and willingness to adapt will allow for her continued success.
Teo would like to use the loan to expand her business through purchasing more brewing supplies.
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
Recently, Teo’s business has been going through difficult times because of perceived high prices of her products in this time of recession. Additionally some of her customers fail to pay their tabs. She is working on ways to bring prices down a bit and additionally is trying to establish a greater level of control over which individuals may start tabs. Teo is confident that her hardworking nature and willingness to adapt will allow for her continued success.
Teo would like to use the loan to expand her business through purchasing more brewing supplies.
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
Richard
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Greta Galeazzi
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Barbara
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Laurence
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Karen
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S.J.
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Laurent D
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Joan
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Aaron
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Peter
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STEVE
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Kenneth
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Cardinal
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Elies Campo
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John
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Emma
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cherie
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John
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Coz
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Matthew
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Eirik
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william
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Diana
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Steven
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Janet and John
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richard
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Shilo
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Maggie
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Jack
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Anonymous
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todd
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Jonathan and Lisa
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Becki
Chicago, IL
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Sean
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Kimberly
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Cindy
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Chosei
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Angela
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Joey
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Henry Yang DDS
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Top Lending Teams for this group
Atheists, Agnostics, Skeptics, Freethinkers, Secular Humanists and the Non-Religious
Common Interest
7034 Members
Journal entries for Teo Nakagiri's Group
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Loan has been disbursed
Location: Mukono, Uganda
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Posted by
from Mukono, Uganda
Oct 25, 2009 |
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Comment on this entry
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Repayment Schedule for Teo Nakagiri's Group
Repayment Schedule for Teo Nakagiri's Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| December 2009 | $421.88 | $421.88 |  Repayment Received
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| January 2010 | $843.75 | Available Jan 1 | |||
| February 2010 | $843.75 | Available Feb 1 | |||
| March 2010 | $1,054.68 | Available Mar 1 | |||
| April 2010 | $210.94 | Available Apr 1 | |||
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