Starch Factory B2 Dorcus Okidi Group


Status: Paying Back

$875.00   Loan Amount
0% repaid

About the Group

Group Name: Starch Factory B2 Dorcus Okidi Group
Group Members: Dorcus Okidi
Rose Akite
Middy Otim
Jenate Atim
Joyce Anyeko
Location: Lira, Uganda
Activity: Food Market

About the Loan

Loan Amount: $875.00
Loan Use: To purchase produce such as maize, beans, rice, etc., and to pay fees
Repayment Term: 12 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Nov 4, 2009
Date Disbursed: Oct 28, 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



Dorcus Okidi is a hardworking business lady, twenty-four years old, and married with four children, three of whom are going to school. She also takes care of two dependents who are schooling.

Dorcus deals in produce such as maize, beans, rice, etc., and has been in her business so far for five years. She is using the loan to increase her capital, pay fees, etc., and it will encourage her to work.

Dorcus is a very hardworking and encouraging business lady whose dreams are to purchase a plot of land, obtain livestock and educate her children.




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 Starch Factory B2 Dorcus Okidi Group


Loan has been disbursed
 
Entrepreneur: Starch Factory B2 Dorcus Okidi Group
Location: Lira, Uganda

Thank you for your loan. It has been disbursed to Starch Factory B2 Dorcus Okidi Group, consisting of Dorcus Okidi, Rose Akite, Middy Otim, Jenate Atim, Joyce Anyeko by BRAC Uganda in Uganda. We are excited to watch this business grow. Over the 9 months of this loan, BRAC Uganda will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Lira, Uganda
Nov 5, 2009
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Kiva Help Repayment Schedule for Starch Factory B2 Dorcus Okidi Group

  Expected Repayments Actual Repayments Comments
January 2010 $87.50 Available Jan 1  
February 2010 $109.38 Available Feb 1  
March 2010 $87.50 Available Mar 1  
April 2010 $87.50 Available Apr 1  
May 2010 $109.37 Available May 1  
June 2010 $87.50 Available Jun 1  
July 2010 $87.50 Available Jul 1  
August 2010 $109.38 Available Aug 1  
September 2010 $87.50 Available Sep 1  
October 2010 $21.87 Available Oct 1