Fred Mutyaba

Status: Paid Back

$625.00		Loan Request
$625.00		Paid Back

About the Entrepreneur

Name:	Fred Mutyaba
Location:	Kayunga, Uganda
Activity:	Spare Parts

About the Loan

Loan Amount:	$625.00
Loan Use:	Fred wants to Import batteries from Japan to sell to garages around Kayunga and Mukono.
Repayment Term:	9 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	N/A
Date Listed:	Sep 27, 2007
Date Disbursed:	Oct 11, 2007
Date Funded:	Sep 27, 2007
Loan Ended:	Apr 12, 2008

About the Field Partner

Field Partner:

Pearl Microfinance Limited

Field Partner Risk Rating:

(Learn more)

Active

26 months

10752

$2,902,500

0.00%

0.00%

Currency Exchange Loss Rate:

0.00%

About the Country

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

Fred deals in automobile parts, a business he has done for 13 years. He is married with two children and he is a member of Zinunula Group. He supplies mechanics around Kayunga with spare part batteries. He is locally based but internationally focused; that’s why he wants to venture into direct importation. He has earned some savings which he hopes to top up with this loan to be able to import batteries from Japan to be able to sell to his customers. This will increase his income. Additionally, the garages around Kayunga will benefit when their needs are met. He has paid back loans ranging from USD $200- $500 on time and he is an honest man.

Lenders to this entrepreneur

Kay
Columbia, MD KivaFriends.org
United States

John
Virginia Beach, VA
United States

fantasia
austin, TX
United States

Mary Ellen
Houston, TX
United States

Tom
Kingston, Ontario
Canada

heather
Barrie, Ontario
Canada

Tracy
Houston, TX
United States

Bruce & Family
Gilbert, AZ
United States

Anonymous
Hampton Falls, NH
United States

richard
kingston upon thames, Surrey
United Kingdom

Janice
Toronto, Ontario
Canada

Michael
Leawood, KS
United States

steve
Concord, NC
United States

Conrad Logic
Brooklyn, NY
United States

satomi
Fremont, CA
United States

Eric-Alice
St. Catharines, Ontario
Canada

Roy
Auburn, CA
United States

KIM
SPANAWAY, WA
United States

Journal entries for Fred Mutyaba

Loan has been disbursed Entrepreneur: Fred Mutyaba Location: Kayunga, Uganda Thank you for your loan. It has been disbursed to Fred Mutyaba by Pearl Microfinance Limited in Uganda. We are excited to watch this business grow. Over the next 6 - 12 months, Pearl Microfinance Limited will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by from Kayunga, Uganda Oct 12, 2007
Comment on this entry

Journal Entrepreneur: Fred Mutyaba Location: Kayunga, Uganda No words can best describe Fred. Iam sure even his lenders considered his organisation and prospects to fund him, and he is no failure at all. He is always focussed and nothing can stop him once he sets foot. He is a good person and a trusted member of his group. When i asked him if he could ever stop borrowing considering his successful business, he said no business can succeed without a loan. He says that it's the loans that have made him what he is today by enabling him buy the spare he wants on time and paying back in installments and this is the best thing that has ever happened to his business.
Posted by Grace Nattoolo from Kayunga, Uganda May 16, 2008
Comment on this entry

Repayment Schedule for Fred Mutyaba

Show Advanced

	Expected Repayments	Actual Repayments	Comments
January 2008	$104.17	$105.00	Repayment Received
February 2008	$104.17	$105.00	Repayment Received
March 2008	$104.17	$105.00	Repayment Received
April 2008	$104.17	$105.00	Repayment Received
May 2008	$104.17	$105.00	Repayment Received
June 2008	$104.15	$100.00	Repayment Received