Can Wange Pe Akello Margaret Group


Status: Paying Back

$1,275.00   Loan Amount
0% repaid

About the Group

Group Name: Can Wange Pe Akello Margaret Group
Group Members: Margaret Akello
Lilly Ajok
Mary Akot
Madalena Qwaha
Doreen Adong
Location: Gulu, Uganda
Activity: Food Market

About the Loan

Loan Amount: $1,275.00
Loan Use: To purchase more produce (beans, groundnuts, etc.) in order to increase her stock
Repayment Term: 12 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Nov 7, 2009
Date Disbursed: Oct 30, 2009
Date Funded:Nov 8, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:1,885.0000 UGX = 1 USD



Akello Margaret is 39 years old and blessed with four children, all of whom are in school. She also looks after three dependents, who are also schooling.


Margaret deals in produce such as beans and groundnuts. She is requesting a loan to purchase more produce in order to increase her stock. She wishes to purchase six bags of each produce (beans, groundnuts, etc.). Margaret is an active businesswoman whose 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 Can Wange Pe Akello Margaret Group


Loan has been disbursed
 
Entrepreneur: Can Wange Pe Akello Margaret Group
Location: Gulu, Uganda

Thank you for your loan. It has been disbursed to Can Wange Pe Akello Margaret Group, consisting of Margaret Akello , Lilly Ajok, Mary Akot , Madalena Qwaha, Doreen Adong 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 Gulu, Uganda
Nov 9, 2009
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Kiva Help Repayment Schedule for Can Wange Pe Akello Margaret Group

  Expected Repayments Actual Repayments Comments
January 2010 $127.50 Available Jan 1  
February 2010 $127.50 Available Feb 1  
March 2010 $159.38 Available Mar 1  
April 2010 $127.50 Available Apr 1  
May 2010 $127.50 Available May 1  
June 2010 $159.37 Available Jun 1  
July 2010 $127.50 Available Jul 1  
August 2010 $127.50 Available Aug 1  
September 2010 $159.38 Available Sep 1  
October 2010 $31.87 Available Oct 1