Primrose Nansasi


Status: Ended with Loss - Defaulted

$1,175.00   Loan Request
$1,029.00   Paid Back

About the Entrepreneur

Name: Primrose Nansasi
Location: Kampala, Uganda
Activity: Secretarial Services

About the Loan

Loan Amount: $1,175.00
Loan Use: To buy a photocopying machine and more stock.
Repayment Term: 11 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Nov 17, 2007
Date Disbursed: Dec 1, 2007
Date Funded:Nov 17, 2007

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:1,705.5000 UGX = 1 USD



Primrose, 24, is a single mother in the business of selling stationery. She also provides secretarial services to make additional income. She takes care of her six-year-old daughter, who attends the first grade in one of the government schools.



Primrose’s business is located in the city center of Kampala; her clients are mainly businessmen and government officials. Primrose would like to secure a loan of $1,175 to increase her inventory and also to acquire a photocopying machine, so that she can expand the range of services she offers.



She plans to repay the loan in a period of 8 months. The loan will give her secure employment, and she won't have to worry about being self-sufficient or providing for her family.


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Journal entries for Primrose Nansasi


Loan has been disbursed
 
Entrepreneur: Primrose Nansasi
Location: Kampala, Uganda

Thank you for your loan. It has been disbursed to Primrose Nansasi by Share an Opportunity Microfinance Ltd. in Uganda. We are excited to watch this business grow. Over the next 8 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
Dec 2, 2007
Comment on this entry

Default
 
Entrepreneur: Primrose Nansasi
Location: Kampala, Uganda

Dear Lender,

This is an update on your loan to Primrose Nansasi 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)

Kiva Help Repayment Schedule for Primrose Nansasi

  Expected Repayments Actual Repayments Comments
March 2008 $146.88 $147.00 Repayment Received
April 2008 $146.88 $147.00 Repayment Received
May 2008 $146.88 $147.00 Repayment Received
June 2008 $146.88 $147.00 Repayment Received
July 2008 $146.88 $0.00 Repayment Received
August 2008 $146.88 $0.00 Repayment Received
September 2008 $146.88 $441.00 Repayment Received
October 2008 $146.84 $0.00 Delinquent