Jenifer Mugarera's Group
Status: Paying Back
| $4,875.00 | Loan Amount |
|---|
9% repaid
About the Group
| Group Name: | Jenifer Mugarera's Group |
|---|---|
| Group Members: |
Jenifer Mugarera Jowa Tungashamserwa Moses Ahimbisibwe Lydia Kyoshabine Paul Mugarura Grace Katonera James Hakire Boaz Rubagumya Alec Tashobya Moses Muramira Naome Birungi Frank Mushaniza Keneth Turjahabwe Roy Kemitooma Francis Turinawe Jame Natugenda |
| Location: | Rukungini, Uganda |
| Activity: | Dairy |
About the Loan
| Loan Amount: | $4,875.00 |
|---|---|
| Loan Use: | To purchase two cows |
| Repayment Term: | 13 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Possible  |
| Date Listed: | Oct 20, 2009 |
| Date Disbursed: | Sep 25, 2009 |
| Date Funded: | Oct 22, 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: | 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 |
Jenifer Mugarera is married and cares for her five children and three nephews. She is the leader of her group in Rukungiri. Her husband is in jail, so the responsibility of providing for the household solely falls to her. She has had much success in her business enterprises and, through her plantations and animal husbandry operations, generates 170,000 USH in profits per week.
Jenifer would like to use the loan amount to purchase two more cows for her dairy operation. She hopes that one day with the continued success of her business, she will be able to buy more land and have a larger farm.
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 Jenifer Mugarera's Group
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Loan has been disbursed
Location: Rukungini, Uganda
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Posted by
from Rukungini, Uganda
Oct 23, 2009 |
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Comment on this entry
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Repayment Schedule for Jenifer Mugarera's Group
Repayment Schedule for Jenifer Mugarera's Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| December 2009 | $443.18 | $443.18 |  Repayment Received
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| January 2010 | $443.18 | Available Jan 1 | |||
| February 2010 | $443.19 | Available Feb 1 | |||
| March 2010 | $443.18 | Available Mar 1 | |||
| April 2010 | $443.18 | Available Apr 1 | |||
| May 2010 | $443.18 | Available May 1 | |||
| June 2010 | $443.18 | Available Jun 1 | |||
| July 2010 | $443.18 | Available Jul 1 | |||
| August 2010 | $443.19 | Available Aug 1 | |||
| September 2010 | $443.18 | Available Sep 1 | |||
| October 2010 | $443.18 | Available Oct 1 | |||
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