Gerevasio Owembabazi's Group
Status: Paying Back
| $3,550.00 | Loan Amount |
|---|
16% repaid
About the Group
| Group Name: | Gerevasio Owembabazi's Group |
|---|---|
| Group Members: |
Gerevasio Owembabazi Patrick Kato Frank Mwebesa Innocent Atwine Jennifer Musinguzi Joan Kamukago Lydia Atwijukye Enid Nuwagaba John Bosco Tugabirwe Yoram Kyakumbe |
| Location: | Ibanda, Uganda |
| Activity: | General Store |
About the Loan
| Loan Amount: | $3,550.00 |
|---|---|
| Loan Use: | To buy more goods for his store |
| Repayment Term: | 8 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Possible  |
| Date Listed: | Oct 19, 2009 |
| Date Disbursed: | Sep 25, 2009 |
| Date Funded: | Oct 27, 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: | 1,890.0000 UGX = 1 USD |
Owembabazi Gerevasio is the leader of his group in Ibanda. He is 34 years old and married with five children. He also takes care of two other dependents.
Gerevasio has a retail shop in Nyarukika Trading Centre that he has been running for ten years and from which he makes 100,000/= in weekly profits. He is successful because of his good customer-care skills and his spirit. In the future, he wants to turn his shop into a wholesale operation at which time he will have to shift to new premises in the main town.
Gerevasio needs a loan to help restock his shop by buying more goods in order to avoid shortages. He is such a hardworking and friendly man.
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
Gerevasio has a retail shop in Nyarukika Trading Centre that he has been running for ten years and from which he makes 100,000/= in weekly profits. He is successful because of his good customer-care skills and his spirit. In the future, he wants to turn his shop into a wholesale operation at which time he will have to shift to new premises in the main town.
Gerevasio needs a loan to help restock his shop by buying more goods in order to avoid shortages. He is such a hardworking and friendly man.
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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Top Lending Teams for this group
Atheists, Agnostics, Skeptics, Freethinkers, Secular Humanists and the Non-Religious
Common Interest
7006 Members
Journal entries for Gerevasio Owembabazi's Group
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Loan has been disbursed
Location: Ibanda, Uganda
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Posted by
from Ibanda, Uganda
Oct 28, 2009 |
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Comment on this entry
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Repayment Schedule for Gerevasio Owembabazi's Group
Repayment Schedule for Gerevasio Owembabazi's Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| December 2009 | $591.67 | $591.67 |  Repayment Received
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| January 2010 | $591.66 | Available Jan 1 | |||
| February 2010 | $591.67 | Available Feb 1 | |||
| March 2010 | $591.67 | Available Mar 1 | |||
| April 2010 | $591.66 | Available Apr 1 | |||
| May 2010 | $591.67 | Available May 1 | |||
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