David Ssembajwe

Status: Paid Back

$600.00		Loan Request
$600.00		Paid Back

About the Entrepreneur

Name:	David Ssembajwe
Location:	Kalerwe-kampala, Uganda
Activity:	Clothing Sales

About the Loan

Loan Amount:	$600.00
Loan Use:	To increase inventory of blankets, bedsheets, and suitcases
Repayment Term:	9 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Nov 17, 2007
Date Disbursed:	Dec 2, 2007
Date Funded:	Nov 18, 2007
Loan Ended:	Jul 25, 2008

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:	Uganda Shillings (UGX)
Exchange Rate:	1,705.5000 UGX = 1 USD

Ssembajwe David is the father of two girls, aged 1 and 4 years. He has been selling new blankets, sheets, and suitcases for 4 years now. David’s business is located in one of the city suburbs of Kampala (Kalerwe), a few kilometers from the capital city. This trading center serves a large population, with hundreds of people going to shop there daily.

Unfortunately, David no longer has sufficient stock to meet the demand. Wholesale prices have risen, and he can buy less inventory than he could a few years ago with the same amount of capital. He has realized that he needs to increase his stock if he is to make enough profit to provide bread and basics for the family. He is requesting a loan of $600 to increase his inventory and make it more appealing. The loan will be paid back in a period of six months.

Lenders to this entrepreneur

Kay
Columbia, MD KivaFriends.org
United States

Christopher
London,
United Kingdom

daryl bright rosenbaum

Katrine
Bergen,
Norway

Howard
Titusville, FL
United States

St. Christopher
Roseville, MN
United States

Matthew
Auckland,
New Zealand

Andres, Becky & Cosita
La Crescenta, CA
United States

Simone
Roma, Roma
Italy

Tyrone
East Lansing, MI
United States

Mieke
Molenschot,
Netherlands

Jan Olav
BERGEN, Hordaland
Norway

Muslim Financer
Sunderland, UK, Dubai
United Arab Emirates

Marissa

Netherlands

Hank
Nashville, TN
United States

Michael
Marion, IN
United States

Lance
San Diego, CA
United States

Mitch and Elizabeth
Austin, TX
United States

Journal entries for David Ssembajwe

Loan has been disbursed Entrepreneur: David Ssembajwe Location: Kalerwe-kampala, Uganda Thank you for your loan. It has been disbursed to David Ssembajwe by Share an Opportunity Microfinance Ltd. in Uganda. We are excited to watch this business grow. Over the next 6 months, Share an Opportunity Microfinance Ltd. will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by from Kalerwe-kampala, Uganda Dec 2, 2007
Comment on this entry

David Ssembajwe Entrepreneur: David Ssembajwe Location: Kalerwe-kampala, Uganda David is a trader who sells commodities like bags, blankets, bed sheets, clothes, mattresses and many more to the public. His business is located at kalerwe off Gayaza road –north of Kampala. David fourth in the line of birth was born in a family of nine children of which five are boys. He is married with two children (girls). He says, with kiva loan he managed to stock more items like mattresses which were of high demand by his clients and many other goods. The stock has also doubled compared to the old stock he used to own (the mattresses/others are put outside his store for clear view and limited space inside). He plans to open up another store for his wife in the near by trading centre to sell the same goods and this will be a new job opportunity created for his wife as one of the benefits of kiva loans. The picture attached shows David standing by the side of his business with a small radio Share An Opportunity Microfinance and David Ssembajwe would like to thank Kiva .org and individual Kiva lenders who made this loan possible.
Posted by Samuel Mayanja Ssekajja from Kalerwe-kampala, Uganda Aug 22, 2008
Comment on this entry

Repayment Schedule for David Ssembajwe

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	Expected Repayments	Actual Repayments	Comments
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	Repayment Received
August 2008	$100.00	$0.00	Repayment Received
September 2008	$0.00	$200.00