Rebecca Nabawanuka's Group


Status: Paying Back

$800.00   Loan Amount
0% repaid

About the Group

Group Name: Rebecca Nabawanuka's Group
Group Members: Rebecca Nabawanuka
Florence Ssematimba
Godfrey Mawejje
David Nsubuga
Eva Nakafeero
Location: Mukono, Uganda
Activity: Quarrying

About the Loan

Loan Amount: $800.00
Loan Use: To buy space for stone quarrying
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Nov 3, 2009
Date Disbursed: Oct 16, 2009
Date Funded:Nov 4, 2009

About the Country

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



Nabawanuka Rebecca is into the business of stone quarrying. She is a 30-year-old lady and divorced with four children between the ages of 6 and 13. All her children are in school. She has been operating her business for seven years and she is able to make 50,000/= in weekly profits.


Rebecca is the leader of her lending group in Mukono. She works very hard to ensure that she pays her children’s school fees on time and provides the basic necessities. She has a dream of building her own house as well as educating her children to university level so that they can find better jobs. She needs a loan to help buy space for stone quarrying so that she can increase her 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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Journal entries for Rebecca Nabawanuka's Group


Loan has been disbursed
 
Entrepreneur: Rebecca Nabawanuka's Group
Location: Mukono, Uganda

Thank you for your loan. It has been disbursed to Rebecca Nabawanuka's Group, consisting of Rebecca Nabawanuka, Florence Ssematimba, Godfrey Mawejje, David Nsubuga, Eva Nakafeero 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 Mukono, Uganda
Nov 5, 2009
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Kiva Help Repayment Schedule for Rebecca Nabawanuka's Group

  Expected Repayments Actual Repayments Comments
January 2010 $250.00 Available Jan 1  
February 2010 $200.00 Available Feb 1  
March 2010 $250.00 Available Mar 1  
April 2010 $100.00 Available Apr 1