Koburungi Beatrice

Status: Ended with Loss - Defaulted

$1,200.00		Loan Request
$700.00		Paid Back

About the Entrepreneur

Name:	Koburungi Beatrice
Location:	Kampala, Uganda
Activity:	Secretarial Services

About the Loan

Loan Amount:	$1,200.00
Loan Use:	Purchase of stationery stock
Repayment Term:	14 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	N/A
Date Listed:	Sep 5, 2007
Date Disbursed:	Sep 19, 2007
Date Funded:	Sep 5, 2007

About the Field Partner

Field Partner:

Share an Opportunity Microfinance Ltd. (SAO MFI)

Field Partner Risk Rating:

(Learn more)

Closed

32 months

$60,125

N/A - No Paying Back Loans

Default Rate:

5.07%

Currency Exchange Loss Rate:

0.00%

About the Country

Country:	Uganda
Avg Annual Income:	$1,700.00
Currency:	United States Dollars (USD)

Koburungi Beatrice is a 50 year old single mother of four. Beatrice and her husband separated sometime back and she takes care of their four children. The eldest daughter is aged 21 years and currently enrolled at the local university on private sponsorship. The others are aged 19, 15, and 13 and enrolled in senior six (S.6), senior two (S.2) and senior one (S.1) respectively.

Though the father of the children is paying for their tuition fees, Beatrice is still responsible for meeting all their other requirements like school materials, food and medical treatment.

Beatrice has been running a stationery and printing business for over 3 years now to supprt her family. However after the separation, she was left with no choice but to use some of her business' money to purchase a house where she was going to stay with the children. This automatically affected the bulk of her stationery stock making it increasingly difficult for her to meet all her customers’ demands.

Beatrice is therefore requesting a loan of $1,200 from Kiva and $1,777 from Share An Opportunity Microfinance, making a total of $2,977 (five million Uganda shillings 5,000,000) payable in 10 months. This will enable her to comfortably meet all the stationery demands of her customers, especially those whom she was already supplying in bulk. In addition Beatrice will be able to save some money and make future investments for her children.

Lenders to this entrepreneur

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Lisa
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faith
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angela
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Wuanda
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Amber
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kirsten
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Anonymous
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Sara
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alexandra
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Millionaire Mommy ND
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negest
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Bonnie
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Mark
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lois
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Ron
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Deborah
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jennifer
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Elizabeth
Vero Beach, FL
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Barbara
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Grace
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Kim
Kenmore, WA
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ocean lover
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Tahoe Family of 4
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Kathleen
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Kathy
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Jocy and Atul
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Anonymous
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Dale
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Gennady
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Journal entries for Koburungi Beatrice

Loan has been disbursed Entrepreneur: Koburungi Beatrice Location: Kampala, Uganda Thank you for your loan. It has been disbursed to Koburungi Beatrice by Share an Opportunity Microfinance Ltd. in Uganda. We are excited to watch this business grow. Over the next 12 - 18 months, Share an Opportunity Microfinance Ltd. will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by from Kampala, Uganda Sep 19, 2007
Comment on this entry

Default Entrepreneur: Koburungi Beatrice Location: Kampala, Uganda Dear Lender, This is an update on your loan to Koburungi Beatrice in Uganda. Thank you for supporting the low-income Ugandan entrepreneur listed above by lending through Kiva. You may have noticed that repayments on this loan have not been coming in for quite some time. After repeated attempts to collect funds from Share an Opportunity MFI Ltd, the Kiva field partner disbursing and collecting repayments from this entrepreneur, our team has determined that further repayments on your loan are highly unlikely. Therefore, this loan is now considered to be in default. To learn more, please visit: http://www.kiva.org/about/aboutPartner?id=37 Although your loan was not repaid in full in this case, we hope you realize that over 95% of loans have been repaid in full to date on Kiva. We hope you'll give lending to developing world entrepreneurs another chance in the future. Thank you, Ben Elberger Kiva Staff Microfinance Partnerships Manager Anglophone Africa
Posted by Benjamin Elberger, Kiva Staff, from San Francisco, United States Feb 9, 2009
Comments (1)

Repayment Schedule for Koburungi Beatrice

Show Advanced

	Expected Repayments	Actual Repayments	Comments
December 2007	$100.00	$100.00	Repayment Received
January 2008	$100.00	$100.00	Repayment Received
February 2008	$100.00	$100.00	Repayment Received
March 2008	$100.00	$100.00	Repayment Received
April 2008	$100.00	$100.00	Repayment Received
May 2008	$100.00	$100.00	Repayment Received
June 2008	$100.00	$100.00	Repayment Received
July 2008	$100.00	$0.00	Delinquent
August 2008	$100.00	$0.00	Delinquent
September 2008	$100.00	$0.00	Delinquent
October 2008	$100.00	$0.00	Delinquent
November 2008	$100.00	$0.00	Delinquent