Amina Barungi's Group


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$3,100.00   Loan Request
$1,675.00   Raised so far
$1,425.00 Still needed
 
 
8 days left

About the Group

Group Name: Amina Barungi's Group
Group Members: Amina Barungi
Muhamad Banyanya
Zahara Kentwiga
Issa Mwebaze
Elias Rugunire
Richard Twinomugisha
Wilson Nalongo
Jackson Mpamire
Location: Bushenyi, Uganda
Activity: Food Production/Sales

About the Loan

Loan Amount: $3,100.00
Loan Use: To buy more matooke for resale.
Repayment Term: 11 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Nov 2, 2009
Date Disbursed: Oct 28, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:1,878.0008 UGX = 1 USD



Barungi Amina is 42-years-old and the leader of her lending group in Bushenyi. She is a friendly, determined and very hard working lady with a business of selling matooke (green cooking bananas) in Kizinda for eight years. Her matooke is mostly for home consumption since she has not yet grown enough to sell on a wholesale basis.


Amina is married with five children between the ages of 11 and 23. The profits she makes every week help to take care of her family plus to pay her children’s school fees. She works hard to ensure that all her children become educated to the University level for self-sustenance.


She started out as a farmer, selling her produce directly from her garden, but now has the opportunity of selling to the general market at a much higher price. Over the years, she has been able to create a large customer base, and in the future, Amina would like to be able to transport her produce to Kampala using her own truck, although she does not own one at the moment. She needs a loan to be able to increase her capital for more income.



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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Kiva Help Repayment Schedule for Amina Barungi's Group

  Expected Repayments Actual Repayments Comments
January 2010 $344.44 Available Jan 1  
February 2010 $344.45 Available Feb 1  
March 2010 $344.44 Available Mar 1  
April 2010 $344.45 Available Apr 1  
May 2010 $344.44 Available May 1  
June 2010 $344.45 Available Jun 1  
July 2010 $344.44 Available Jul 1  
August 2010 $344.45 Available Aug 1  
September 2010 $344.44 Available Sep 1  


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