Lule Margaret

Status: Paying Back

$275
Loan Request
Pre-Disbursed : Nov 16, 2009
Listed: Nov 20, 2009
Funded: Nov 20, 2009
25% repaid

About the Country

Country:Uganda
Avg Annual Income:$1,700
Currency:Uganda Shillings (UGX)
Exchange Rate:1,865.0000 UGX = 1 USD


About the Loan

Location: Kampala, Uganda   Repayment Term: 8 months
(more info)
Activity: Retail   Repayment Schedule: Monthly
Loan Use: To buy more candle wax and to pay water bills for water distribution   Currency Exchange Loss: Possible
      Default Protection: Not Covered
Margaret is a 55-year-old married mother with six children aged between 14 and 23 years. All her children go to school. She resides in and owns a three-roomed house, where she is staying with seven people. The family has access to electricity and piped water and gets three meals a day. She incurs transport costs to and from Kawala. She works in a semi-urban area in the outskirts of Kampala.

Margaret works seven days a week. She receives an average of 30 customers a day and sells to all categories of people on a retail basis. She owns a canteen selling candles and water. Her major business challenges include ever increasing prices of candle wax and the rainy season, which hinders her customers to reach out to her because she works from an open place.

Her monthly expenses include rent for her business premises, feeding the family and medication. She has been in this business for seven years and with MCDT for four years, servicing her ninth loan. Margaret joined MCDT because it was near her home and it was easy to work with it. She wants to use this loan to buy more boxes of candle wax and to pay her water bill. She is aspiring to see her business grow bigger and to start distributing samosas, chapatti and pancakes to different nearby schools.



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Lenders to this entrepreneur

Francine
Los Angeles, CA
United States

Clare
Albany, NY
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Tom
Ashland, NE
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Anonymous
Fairfax, AK
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John
Exeter, Tasmania
Australia

Lee
Burien, WA
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Jan
Schaumburg, IL
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Journal entries for Lule Margaret


Loan to Lule Margaret in Uganda has been 100% funded
 
Entrepreneur: Lule Margaret
Location: Kampala, Uganda

Thanks to you and 6 other Kiva Lenders, the 275.00 loan requested by Lule Margaret in Uganda has been 100% funded. The loan will be used for the purpose of: To buy more candle wax and to pay water bills for water distribution .

Over the months of this loan, Kiva’s Field Partner in Uganda, Micro Credit for Development and Transformation SACCO (MCDT SACCO), will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Kampala, Uganda
Nov 20, 2009
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Kiva Help Repayment Schedule for Lule Margaret

  Expected Repayments Actual Repayments Comments
January 2010 $22.92 $22.92 Repayment Received
February 2010 $45.83 $45.83 Repayment Received
March 2010 $45.83 Available Mar 1  
April 2010 $45.84 Available Apr 1  
May 2010 $57.29 Available May 1  
June 2010 $45.83 Available Jun 1  
July 2010 $11.46 Available Jul 1