Vincent Semuju

Status: Paid Back

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

About the Entrepreneur

Name:	Vincent Semuju
Location:	Ndeeba, Uganda
Activity:	Goods Distribution

About the Loan

Loan Amount:	$1,175.00
Loan Use:	Vincent plans to use his loan to buy more beverages for his wholesale business.
Repayment Term:	6 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Dec 7, 2007
Date Disbursed:	Dec 22, 2007
Date Funded:	Dec 8, 2007
Loan Ended:	Apr 23, 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:	Uganda Shillings (UGX)
Exchange Rate:	1,722.0000 UGX = 1 USD

Vincent owns a wholesale beverage depot in the village of Nansana. He is a distributor of sodas and beer which he sells in cases to retailers. Most villages have one distributor. He will purchase quantities of 200 cases at a time with 24 bottles to a case. A case of soda will cost him 9700 shillings, or about 400 shillings per bottle. He will then sell it to the retailer who will sell it to the customer for 500 shillings. So, the gross profit earned between both the wholesaler and the retailer is about 100 shillings per bottle. 100 shillings is about five cents.

Vincent has been a distributor since 1993. This is an excellent business, because you have a contract with the bottler and you have little competition. Sodas and beer are relatively inexpensive, and they offer a simple luxury that even the people of the villages can occasionally afford, although often alcohol is homemade. Vincent has been in operation since 1993 and with his lending group for the past nine years. With his loan, he plans on stocking more beverages. Eventually he would like to be able to afford a vehicle, buy some land, and build a house.

Lenders to this entrepreneur

Marc
Winter Park, FL
United States

Christophe
Fleury les Aubrais,
France

Sam Snyder
Lawrence, KS
United States

Claus-Peter
www.kivafriends.org,
Germany

Buchanan Family
www.kivafriends.org, Ramsey, NJ
United States

Daniel
Tulsa, OK
United States

beHosting Family
Cleveland, OH
United States

The Redwoods Group
Morrisville, NC
United States

Dave
Los Angeles, CA
United States

Sara
Ferndale, MI
United States

Michael Hermesh
Summerland, British Columbia
Canada

alex
San Francisco, CA
United States

GPS Client Fund
Billings, MT
United States

Michael
Endicott, NY
United States

Matt Roberts
Ottawa, Ontario
Canada

Ray
Sterling, VA
United States

Mike
chicago, IL
United States

Kishore Patel
Andover, MA
United States

Andres
Kuala Lumpur, Kuala Lumpur
Malaysia

Mauricio
Phoenix, AZ
United States

oliver
los angeles, CA
United States

Doug
CARP, Ontario
Canada

Lori
Tenafly, NJ
United States

Chris
Petersburg, VA
United States

Milo
copenhagen,
Denmark

Benton
Brisbane, Queensland
Australia

Michael
Hong Kong, Hong Kong
Hong Kong

Casper
Slagelse,
Denmark

Doug
Montreal, Quebec
Canada

Diana
Winfield, KS
United States

Jean
Cloverdale, CA
United States

Howard & Jillian
Vence,
France

Vikash
Troy, MI
United States

Stefano
Bruxelles,

randy
greenville, OH
United States

Anonymous
Antioch, CA
United States

Keith
Portland, OR
United States

Brian
San Diego, CA
United States

Tim
East Petersburg, PA
United States

Mark & Joanne
Renton, WA
United States

Buffy and Alan
San Francisco, CA
United States

Journal entries for Vincent Semuju

Loan has been disbursed Entrepreneur: Vincent Semuju Location: Ndeeba, Uganda Thank you for your loan. It has been disbursed to Vincent Semuju by Pearl Microfinance Limited in Uganda. We are excited to watch this business grow. Over the next 4 months, Pearl Microfinance Limited will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by from Ndeeba, Uganda Dec 23, 2007
Comments (3)

Journal Entrepreneur: Vincent Semuju Location: Ndeeba, Uganda Vincent Semuju is a wholesale distributor of sodas and beer to retailers in Nansana. He sells crates to shop owners and bars at a retail price as well as to various functions in and around Nansana. With his kind of business, he has a contract with the bottling and brewering companies and usually they bring the crates to his shop as agreed upon. Before the loans, Vincent would buy fewer crates because of limited capital but now with the help of loans, he is able to buy in bulk as he makes weekly loan repayments to Pearl Microfinance through his lending group. He is so thankful for the Kiva loans and will be pleased if he appears on the website in his business. He has big plans for himself, his business and family.
Posted by Grace Nattoolo from Ndeeba, Uganda Jul 10, 2008
Comment on this entry

Repayment Schedule for Vincent Semuju

Show Advanced

	Expected Repayments	Actual Repayments	Comments
March 2008	$293.75	$294.00	Repayment Received
April 2008	$293.75	$294.00	Repayment Received
May 2008	$293.75	$294.00	Repayment Received
June 2008	$293.75	$293.00	Repayment Received