Starch Factory B 2 Auma Janate Group


Status: Paying Back

$925.00   Loan Amount
0% repaid

About the Group

Group Name: Starch Factory B 2 Auma Janate Group
Group Members: Janate Auma
Betty Oleng
Rose Akullu
Catherine Adong
Lilly Opio
Location: Lira, Uganda
Activity: Food Market

About the Loan

Loan Amount: $925.00
Loan Use: To purchase more produce to sell
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 6, 2009

About the Country

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



Auma Janate is a hardworking businesswoman, thirty-seven years old. She is widowed, with no child of her own, but takes care of five dependents, all schooling.

For over seven years Janate has been dealing with produce: that is, selling rice, beans, maize, etc., but in small quantities. She is using the loan to purchase produce. For example she is buying one bag of maize, two bags of beans, one bag of rice, etc., and hoping to improve her business more.

Janate can now afford meals twice a day and she really wants to get to a better standard of living where she can continue to support her children, especially by paying their school fees.

Janate is a promising businesswoman whose dream is to construct a residential house.




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 B 2 Auma Janate Group


Loan has been disbursed
 
Entrepreneur: Starch Factory B 2 Auma Janate Group
Location: Lira, Uganda

Thank you for your loan. It has been disbursed to Starch Factory B 2 Auma Janate Group, consisting of Janate Auma, Betty Oleng, Rose Akullu , Catherine Adong , Lilly Opio 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 7, 2009
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Kiva Help Repayment Schedule for Starch Factory B 2 Auma Janate Group

  Expected Repayments Actual Repayments Comments
January 2010 $92.50 Available Jan 1  
February 2010 $115.63 Available Feb 1  
March 2010 $92.50 Available Mar 1  
April 2010 $92.50 Available Apr 1  
May 2010 $115.62 Available May 1  
June 2010 $92.50 Available Jun 1  
July 2010 $92.50 Available Jul 1  
August 2010 $115.63 Available Aug 1  
September 2010 $92.50 Available Sep 1  
October 2010 $23.12 Available Oct 1