Ruth Namiiro's Group
Status: Paying Back
| $4,450.00 | Loan Amount |
|---|
0% repaid
About the Group
| Group Name: | Ruth Namiiro's Group |
|---|---|
| Group Members: |
Ruth Namiiro Costa Nampeera Florence Nambowa Madinah Nassanga Margaret Nankya Aida Nakibuule Fatina Namirembe Annex Babita Rehema Nakati Florence Namaganda Florence Bazanye (not pictured) Bosa Mayengo |
| Location: | Lugazi, Uganda |
| Activity: | Tailoring |
About the Loan
| Loan Amount: | $4,450.00 |
|---|---|
| Loan Use: | To buy materials for a tailoring business. |
| Repayment Term: | 6 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Possible  |
| Date Listed: | Nov 4, 2009 |
| Date Disbursed: | Oct 26, 2009 |
| Date Funded: | Nov 8, 2009 |
About the Field Partner
About the Field Partner
|
|
| Field Partner: | Pearl Microfinance Limited |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 26 months |
| Kiva Entrepreneurs: | 10718 |
| Total Loans: | $2,893,675 |
| 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 |
Ruth Namiiro is a hard-working and very friendly woman who has made a living running a tailoring business in Kitega for the last 25 years. She is a married, has eight children and also cares for several orphans. Due to increased competition in her business, the number of customers Ruth serves has been falling, along with her profits. She believes she can turn this around with a loan to her group, pictured here. She will use her portion of this loan to buy more cloth and materials, thereby increasing the number of items she has to sell. Her goal is to earn enough money to allow her children to stay in school and go to college.
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 Ruth Namiiro's Group
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Loan has been disbursed
Location: Lugazi, Uganda
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Posted by
from Lugazi, Uganda
Nov 9, 2009 |
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Comment on this entry
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Repayment Schedule for Ruth Namiiro's Group
Repayment Schedule for Ruth Namiiro's Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| January 2010 | $1,112.50 | Available Jan 1 | |||
| February 2010 | $1,112.50 | Available Feb 1 | |||
| March 2010 | $1,112.50 | Available Mar 1 | |||
| April 2010 | $1,112.50 | Available Apr 1 | |||
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