Barracks 1 Tendo Max Group
Status: Paying Back
| $1,700.00 | Loan Amount |
|---|
2% repaid
About the Group
| Group Name: | Barracks 1 Tendo Max Group |
|---|---|
| Group Members: |
Max Tendo Joan Nakitende Mariam Makuyl Mariam Naigaga Margaret Nakakade Lamula Napinja |
| Location: | Makindye, Uganda |
| Activity: | Cosmetics Sales |
About the Loan
| Loan Amount: | $1,700.00 |
|---|---|
| Loan Use: | To purchase beauty products for sale. |
| Repayment Term: | 11 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Oct 25, 2009 |
| Date Disbursed: | Oct 22, 2009 |
| Date Funded: | Oct 27, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | BRAC Uganda |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 23 months |
| Kiva Entrepreneurs: | 8418 |
| Total Loans: | $2,316,025 |
| 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 |
Group leader Tendo Max is a business woman of twenty-six years-old, married with one child and two additional school-age dependents. For the last four years, she has had a cosmetics business. The products are now more expensive so she requires more capital for her business. She is requesting a loan to purchase products such as chemicals, lotions, creams, etc. and she will expand her business. She feels with the loan that she will have the strength to work and be encouraged to work harder. She is a hard working woman whose dream is to purchase a plot of land and construct a house.
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
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 Barracks 1 Tendo Max Group
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Loan has been disbursed
Location: Makindye, Uganda
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Posted by
from Makindye, Uganda
Oct 28, 2009 |
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Comment on this entry
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Repayment Schedule for Barracks 1 Tendo Max Group
Repayment Schedule for Barracks 1 Tendo Max Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| December 2009 | $42.50 | $42.50 |  Repayment Received
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| January 2010 | $170.00 | Available Jan 1 | |||
| February 2010 | $212.50 | Available Feb 1 | |||
| March 2010 | $170.00 | Available Mar 1 | |||
| April 2010 | $170.00 | Available Apr 1 | |||
| May 2010 | $170.00 | Available May 1 | |||
| June 2010 | $212.50 | Available Jun 1 | |||
| July 2010 | $170.00 | Available Jul 1 | |||
| August 2010 | $170.00 | Available Aug 1 | |||
| September 2010 | $212.50 | Available Sep 1 | |||
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