Philly Lukyamuzi's Group
Status: Paying Back
| $3,800.00 | Loan Amount |
|---|
0% repaid
About the Group
| Group Name: | Philly Lukyamuzi's Group |
|---|---|
| Group Members: |
Philly Lukyamuzi Grace Bwatiti Gladys Naufuma M Nantumbwe Aida Nakimabuewe Janepher Nakitanda Milly Nakaweesa Henry Bogere David Kimwanuka R Malango Sarah Nassanga Ronnie Musobya (not pictured) |
| Location: | Lugazi, Uganda |
| Activity: | Retail |
About the Loan
| Loan Amount: | $3,800.00 |
|---|---|
| Loan Use: | increasing inventory |
| Repayment Term: | 5 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Possible  |
| Date Listed: | Nov 1, 2009 |
| Date Disbursed: | Oct 16, 2009 |
| Date Funded: | Nov 17, 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: | 10718 |
| Total Loans: | $2,893,675 |
| 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: | 1,880.0000 UGX = 1 USD |
Philly Lukyamuzi is 27 years old and the leader of his group in Lugazi. He has been running his shop for 10 years and uses all the profits generated from the business to pay the school fees of his brothers and sisters (he has 4 sisters and 1 brother). At his shop one can find a variety of items, including, but not limited to, soap, biscuits, cola and shoe polish.
Recently the prices of goods have gone up, so Philly has had to raise the prices in his store. This is affecting business adversely, but Philly is confident that sales will soon recover. In the meantime, he would like to use the loan to maintain his inventory. "The competition is tough," Philly says; in order to retain his customer base he has to offer incentives, like a free sweet with a purchase larger than 5,000 USH. Philly is incredibly hardworking and hopes that he will be able to continue supporting the education of his siblings, even at the university level.
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 the prices of goods have gone up, so Philly has had to raise the prices in his store. This is affecting business adversely, but Philly is confident that sales will soon recover. In the meantime, he would like to use the loan to maintain his inventory. "The competition is tough," Philly says; in order to retain his customer base he has to offer incentives, like a free sweet with a purchase larger than 5,000 USH. Philly is incredibly hardworking and hopes that he will be able to continue supporting the education of his siblings, even at the university level.
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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7022 Members
Journal entries for Philly Lukyamuzi's Group
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Loan to Philly Lukyamuzi
Grace Bwatiti Gladys Naufuma M Nantumbwe Aida Nakimabuewe Janepher Nakitanda Milly Nakaweesa Henry Bogere David Kimwanuka R Malango Sarah Nassanga Ronnie Musobya in Uganda has been Location: Lugazi, Uganda
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Posted by
from Lugazi, Uganda
Nov 17, 2009 |
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Comment on this entry
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Repayment Schedule for Philly Lukyamuzi's Group
Repayment Schedule for Philly Lukyamuzi's Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| January 2010 | $1,900.00 | Available Jan 1 | |||
| February 2010 | $950.00 | Available Feb 1 | |||
| March 2010 | $950.00 | Available Mar 1 | |||
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