Ireda Agali 2 Okello Lilly Group


Status: Paying Back

$1,075.00   Loan Amount
0% repaid

About the Group

Group Name: Ireda Agali 2 Okello Lilly Group
Group Members: Lilly Okello
Katherine Awal
Rose Okello
Esther Ejang
Lilian Ajok
Location: Lira, Uganda
Activity: Charcoal Sales

About the Loan

Loan Amount: $1,075.00
Loan Use: To purchase at least ten to fifteen bags of charcoal to get better profits for her business.
Repayment Term: 12 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Nov 5, 2009
Date Disbursed: Oct 29, 2009
Date Funded:Nov 9, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:1,875.0000 UGX = 1 USD



Okello Lilly is forty-seven years old. She is widowed and blessed with eight children. She is dealing in the charcoal business. She has been selling charcoal for over three years. She was managing to purchase at least three to four bags of charcoal. She is requesting for a loan to purchase at least ten to fifteen bags of charcoal to get better profits for her business. She is very hard-working and her dream is to build a 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 Ireda Agali 2 Okello Lilly Group


Loan has been disbursed
 
Entrepreneur: Ireda Agali 2 Okello Lilly Group
Location: Lira, Uganda

Thank you for your loan. It has been disbursed to Ireda Agali 2 Okello Lilly Group, consisting of Lilly Okello, Katherine Awal, Rose Okello, Esther Ejang, Lilian Ajok 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 10, 2009
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Kiva Help Repayment Schedule for Ireda Agali 2 Okello Lilly Group

  Expected Repayments Actual Repayments Comments
January 2010 $107.50 Available Jan 1  
February 2010 $134.38 Available Feb 1  
March 2010 $107.50 Available Mar 1  
April 2010 $107.50 Available Apr 1  
May 2010 $107.50 Available May 1  
June 2010 $134.37 Available Jun 1  
July 2010 $107.50 Available Jul 1  
August 2010 $107.50 Available Aug 1  
September 2010 $134.38 Available Sep 1  
October 2010 $26.87 Available Oct 1