Ireda Agali 3 Atimango Lucy Group


Status: Paying Back

$1,600.00   Loan Amount
0% repaid

About the Group

Group Name: Ireda Agali 3 Atimango Lucy Group
Group Members: Lucy Atimango
Beatrice Akumu
Joyce Akot
Konzi Omal
Grace Auma
Location: Lira, Uganda
Activity: Food Market

About the Loan

Loan Amount: $1,600.00
Loan Use: To purchase more stock 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 5, 2009

About the Country

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



Atimango Lucy is representing her group. She is a businesswoman, thirty-eight years old, and married with five children, all schooling. More so, she is taking care of two dependents.

Lucy deals in produce and charcoal. She takes produce such as beans, cabbages, rice, maize, etc., to Abim district, Karamoja, and purchases charcoal from deep villages in Abim to market in Lira district. She has stayed in this business for over six years.

Because of the war impact in Abim district, there is no food and that is why Lucy targeted supplying or marketing her produce in Abim.

Lucy is requesting the loan to purchase more stock so that she can add capital into her business. She is a very hardworking businesswoman whose dream is to give her children a bright future: that is, by educating them.




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 3 Atimango Lucy Group


Loan has been disbursed
 
Entrepreneur: Ireda Agali 3 Atimango Lucy Group
Location: Lira, Uganda

Thank you for your loan. It has been disbursed to Ireda Agali 3 Atimango Lucy Group, consisting of Lucy Atimango, Beatrice Akumu , Joyce Akot , Konzi Omal, Grace Auma 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 6, 2009
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Kiva Help Repayment Schedule for Ireda Agali 3 Atimango Lucy Group

  Expected Repayments Actual Repayments Comments
January 2010 $160.00 Available Jan 1  
February 2010 $200.00 Available Feb 1  
March 2010 $160.00 Available Mar 1  
April 2010 $160.00 Available Apr 1  
May 2010 $160.00 Available May 1  
June 2010 $200.00 Available Jun 1  
July 2010 $160.00 Available Jul 1  
August 2010 $160.00 Available Aug 1  
September 2010 $200.00 Available Sep 1  
October 2010 $40.00 Available Oct 1