Proscovia Nanfuka's Group


Status: Paying Back

$3,175.00   Loan Amount
12% repaid

About the Group

Group Name: Proscovia Nanfuka's Group
Group Members: Proscovia Nanfuka
Annet Muvuma
Aidah Nakanwagi
Margaret Babudde
Robinah Nakabugo
Agnes nakyanzi
Joyce Namusisi
Alex Nabatanzi
Location: Lugazi, Uganda
Activity: Clothing Sales

About the Loan

Loan Amount: $3,175.00
Loan Use: To purchase clothes for resale
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 19, 2009
Date Disbursed: Oct 12, 2009
Date Funded:Oct 25, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:1,890.0000 UGX = 1 USD



Proscovia is the leader of her lending group in Lugazi. She is a hard working lady and married with five children, ages 22, 20, 18, 12 and 3 years old. She also cares for her parents. Her eldest two children are at the University, two are in secondary school, and the youngest is still at home and soon joining nursery section.

Proscovia is a businesswoman who has been selling first class clothes from a boutique in Lugazi central market for ten years. At the moment, she is able to make 350,000/= as profits a week. She is grateful for her loans because they help boost her business by enabling her to buy quality clothes for her inventory. She is working so hard to ensure that she becomes a wholesale supplier of clothes to other retailers, as well as be able to build rental houses for her children. Proscovia needs a loan to help buy more new clothes for resale from her boutique.



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 Proscovia Nanfuka's Group


Loan has been disbursed
 
Entrepreneur: Proscovia Nanfuka's Group
Location: Lugazi, Uganda

Thank you for your loan. It has been disbursed to Proscovia Nanfuka's Group, consisting of Proscovia Nanfuka, Annet Muvuma, Aidah Nakanwagi, Margaret Babudde, Robinah Nakabugo, Agnes nakyanzi, Joyce Namusisi, Alex Nabatanzi by Pearl Microfinance Limited in Uganda. We are excited to watch this business grow. Over the 3 months of this loan, Pearl Microfinance Limited will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Lugazi, Uganda
Oct 26, 2009
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Kiva Help Repayment Schedule for Proscovia Nanfuka's Group

  Expected Repayments Actual Repayments Comments
December 2009 $396.88 $396.88 Repayment Received
January 2010 $793.75 Available Jan 1  
February 2010 $793.75 Available Feb 1  
March 2010 $992.18 Available Mar 1  
April 2010 $198.44 Available Apr 1