Prossy Namusisi


Status: Paying Back

$550.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Prossy Namusisi
Location: Kampala, Uganda
Activity: Crafts

About the Loan

Loan Amount: $550.00
Loan Use: To buy more crafts and raw materials for making crafts.
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 28, 2009
Date Disbursed: Oct 26, 2009
Date Funded:Oct 28, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:1,868.5000 UGX = 1 USD



Prossy is 54 years old and married with two children aged 18 and 23 years. All her children go to school. She resides in and owns a five-roomed house where she is staying with five people. The family has access to electricity but has no piped water. Prossy takes care of additional family members.


She sells crafts like mats and tablecloths in Makerere Kikoni and pays for transport costs to and from shopping. Prossy sells six days a week. On average she receives 10 customers a day. She works in the outskirts of Kampala. She has been in this business eight years and with MCDT for eight years.


She is now servicing her twentieth loan and working with the same group mates. Her monthly expenses include feeding the family and medication. Her challenges include defaulters and crafts like mats and tablecloths. She aspires to see her business grow stronger and start selling wholesale only.


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Journal entries for Prossy Namusisi


Loan has been disbursed
 
Entrepreneur: Prossy Namusisi
Location: Kampala, Uganda

Thank you for your loan. It has been disbursed to Prossy Namusisi by Micro Credit for Development and Transformation SACCO (MCDT SACCO) in Uganda. We are excited to watch this business grow. Over the 3 months of this loan, Micro Credit for Development and Transformation SACCO (MCDT SACCO) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Kampala, Uganda
Oct 29, 2009
Comments (1)

Kiva Help Repayment Schedule for Prossy Namusisi

  Expected Repayments Actual Repayments Comments
January 2010 $171.88 Available Jan 1  
February 2010 $137.50 Available Feb 1  
March 2010 $137.50 Available Mar 1  
April 2010 $103.12 Available Apr 1