Francis Nalwanga's Group


Status: Paying Back

$2,200.00   Loan Amount
0% repaid

About the Group

Group Name: Francis Nalwanga's Group
Group Members: Francis Nalwanga
Sarah Ssali
Jane Namugambe
Ruth Namirembe
Binti Juma Nakazzi
Rose Ssekajja
Lovinsa Kigozi
Nuluyat Kasanga
Amina Kibombo
Mary Nalugwa
Safina Babirye
Joyce Namakula
Catherine Nampiima
Christine Nakato
Robinah Nandawula
Location: Kyaliwajjala, Uganda
Activity: General Store

About the Loan

Loan Amount: $2,200.00
Loan Use: Buy chairs for patrons and expand business.
Repayment Term: 5 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Nov 1, 2009
Date Disbursed: Oct 2, 2009
Date Funded:Nov 3, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:1,880.0000 UGX = 1 USD



Francis Nalwanga is the leader of her group in Kyaliwajjala. She is a hard working and married lady with four children all in primary school and she also takes care of one dependent.

Francis has a retail shop and a bar in Kyaliwajjala that has been running since 1995. She is grateful that the loans have helped her business to succeed through increased recapitalization. In a week, Francis can make 60,000/= as profit which helps her expand her business further.

During the day, she is mostly into shop-keeping and in the evening, customers come in to have a bottle of beer or two. Hence she makes a double income every day. Francis works so hard to ensure that she has an educated family.

With her loan Francis hopes to boost her bar business by buying more chairs for her customers to sit on.



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 Francis Nalwanga's Group


Loan has been disbursed
 
Entrepreneur: Francis Nalwanga's Group
Location: Kyaliwajjala, Uganda

Thank you for your loan. It has been disbursed to Francis Nalwanga's Group, consisting of Francis Nalwanga, Sarah Ssali, Jane Namugambe, Ruth Namirembe, Binti Juma Nakazzi, Rose Ssekajja, Lovinsa Kigozi, Nuluyat Kasanga, Amina Kibombo, Mary Nalugwa, Safina Babirye, Joyce Namakula, Catherine Nampiima, Christine Nakato, Robinah Nandawula 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 Kyaliwajjala, Uganda
Nov 4, 2009
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Kiva Help Repayment Schedule for Francis Nalwanga's Group

  Expected Repayments Actual Repayments Comments
January 2010 $962.50 Available Jan 1  
February 2010 $687.50 Available Feb 1  
March 2010 $550.00 Available Mar 1