Jolly Magezi's Group

Status: Paid Back

$4,850.00		Loan Request
$4,850.00		Paid Back

About the Group

Group Name:	Jolly Magezi's Group
Group Members:	Alan Mugisha Wilson Karyaija Louice Tukamukebwa Edward Ngabirano David Agaba Erick Sabiiti Rehema Tinkersimire Joy Kayumbu Phenehansi Magezi Johnson Tumusiime Joseph Kamukama Ronald Bwandagara E. Agaba James Bebwa Harriet Kabushenga Elifazi Bakamwerah Edith Niwagaba Harriet Kyankunda Faith Bakamweraho Jolly Magezi
Location:	Ntungamo, Uganda
Activity:	Goods Distribution

About the Loan

Loan Amount:	$4,850.00
Loan Use:	Jolly plans to use her loan to buy modernize her farm.
Repayment Term:	11 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Jan 1, 2008
Date Disbursed:	Jan 15, 2008
Date Funded:	Jan 1, 2008
Loan Ended:	Sep 17, 2008

About the Field Partner

Field Partner:

Pearl Microfinance Limited

Field Partner Risk Rating:

(Learn more)

Active

26 months

10718

$2,893,675

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:	1,696.0000 UGX = 1 USD

Jolly is the chairperson of the Nyakabare B Tutungukte Lending Group in the countryside outside of Ntungamo. The region around Ntungamo is knowns for its stunning beauty. The drive to the lending group is on a rutted road going through dense groves of matooke, coffee and lush green hills. The lending group meets in one of the homes of the owners. From this hilltop you can see neighboring Tanzania. Meeting at night, there is no electricity and the only light is from paraffin lanterns, lighting the homes of villagers across the valley. The sky is ablaze with stars.

Jolly and her husband have six children and own a wholesale business in which they sack beans, peas and millet in 50kg to 100kg sacks. In this area of Uganda, most people are subsistence farmers. Any extra food grown is sacked and sent to markets. In most retail stores you will see 4-6 of these sacks in front of the counter. Jolly and her husband have been in business for 10 years and have been members of their lending group for the past four years. They plan to use her loan to modernize their farm.

About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more

Lenders to this group

Claus-Peter
www.kivafriends.org,
Germany

Benjamin

Michael
San Diego, CA
United States

Ronald
Nashville, MI
United States

Anonymous

Mary
dresser, wi
United States

Joe
Highland Park, IL
United States

Brandon

Brooke

Kim
New York, NY
United States

Brenda
Mission, KS
United States

Carolyne
Vancouver, British Columbia
Canada

Brynn
Portland, OR
United States

Sharman
Lynnwood, WA
United States

Anonymous

Kaitlin

Eric
Los Altos, CA
United States

Briellen
Minneapolis, MN
United States

Jonathan
Fitchburg, WI
United States

Jeremiah

Michael & Lea
Huntersville, NC
United States

Anonymous

Sean
Angola, IN
United States

Richard
meridian, ID
United States

Benjamin
Stuart, FL
United States

Aditya
Kenmore, WA
United States

Anonymous

Serena
Delray Beach, FL
United States

Marybeth
Cornelius, OR
United States

Damien
Philadelphia, PA
United States

Vimala & Guy Greene
Old Lyme, CT
United States

Mary Jo

kent
duluth, MN
United States

Sara
New York, NY
United States

Blake
Evanston, il
United States

Stacey
Andover, MA
United States

Kara

Galen

Mary
Leonardtown, MD
United States

Dan
Sarasota, FL
United States

Anonymous
Laurel, MD
United States

Ariel and Sam

Richard
woodstock, MD
United States

Peter

Lianne
Toronto, Ontario
Canada

Anonymous

marci
waterloo, Ontario
Canada

E
Princeton, IL
United States

pat and terry

The Millers
Chicago, IL
United States

Cameron
West Hollywood, CA
United States

Barbara
Edmonds, WA
United States

Geri
san francisco, CA
United States

Wendy and David
San Jose, CA
United States

Kevin
New York, NY
United States

Carla
Thornhill, British Columbia
Canada

Blaine
Dartmouth, Nova Scotia
Canada

Brunswick WC Class
Greenwich, CT
United States

Kayla
Winnipeg, MB
Canada

Diane

Stefan
Philadelphia, PA
United States

Nikolas

Lynn and Brian
Gardiner, MT
United States

Brandon

Anonymous
Austin, TX
United States

Mehul
Westlake Village, CA
United States

Anonymous

Rock and Al
Milwaukee, WI
United States

Muggins
Calgary, Alberta
Canada

Phillips
Piedmont, CA
United States

Monica

Michael
Chanhassen, MN
United States

Jennifer
Gaithersburg, MD
United States

Tino
Minneapolis, MN
United States

Thomas

Lauren

Anonymous
Everett, WA
United States

tony
Murray, UT
United States

Rose
Ontario, OR
United States

Everett Rotary

Dagmar
Halfmoon Bay, British Columbia
Canada

Anonymous
Sydney, New South Wales
Australia

Sally
Seattle, WA
United States

Marney

Kathryn
white salmon, WA
United States

Ariel & Winter
Sanbornton, NH
United States

Mary
Denver, CO
United States

Rico
Burbank, CA
United States

The Walker
Toronto, Ontario
Canada

Eric
Iowa City, IA
United States

Mark
Waltham, MA
United States

Becky & Chuck
King George, VA
United States

Lynn
Vancouver, BC
Canada

tracy

Telle
Santa Barbara, CA
United States

Cynthia
Cincinnati, OH
United States

John and Betty

Laurel
Alhambra, CA
United States

Christopher
Branford, CT
United States

Anonymous
Tampa, FL
United States

april
Roseville, MN
United States

Journal entries for Jolly Magezi's Group

Loan has been disbursed Entrepreneur: Jolly Magezi's Group Location: Ntungamo, Uganda Thank you for your loan. It has been disbursed to Jolly Magezi Faith Bakamweraho Harriet Kyankunda Edith Niwagaba Elifazi Bakamwerah Harriet Kabushenga James Bebwa E. Agaba Ronald Bwandagara Joseph Kamukama Johnson Tumusiime Phenehansi Magezi Joy Kayumbu Rehema Tinkersimire Erick Sabiiti David Agaba Edward Ngabirano Louice Tukamukebwa Wilson Karyaija Alan Mugisha by Pearl Microfinance Limited in Uganda. We are excited to watch this business grow. Over the next 8 months, Pearl Microfinance Limited will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by from Ntungamo, Uganda Jan 16, 2008
Comment on this entry

Journal Entrepreneur: Jolly Magezi's Group Location: Ntungamo, Uganda Jolly Magezi works together with her husband in their businesses and in fact he is proud that she is the chairperson of her lending group. Once she gets a loan, they use it together to improve on their farm that yields high quality produce for stocking in their wholesale shop. This does not stop them from buying produce from other farmers once they don’t have enough for the store. At times like once or twice a month, they load a truck of produce to be supplied to customers in Kampala. Right now, they have a banana plantation that has started giving out yields and by end of August; the supply will be down hence a high demand for their green bananas.
Posted by Grace Nattoolo from Ntungamo, Uganda Jul 31, 2008
Comment on this entry

Repayment Schedule for Jolly Magezi's Group

Show Advanced

	Expected Repayments	Actual Repayments	Comments
April 2008	$606.25	$607.00	Repayment Received
May 2008	$606.25	$607.00	Repayment Received
June 2008	$606.25	$607.00	Repayment Received
July 2008	$606.25	$607.00	Repayment Received
August 2008	$606.25	$607.00	Repayment Received
September 2008	$606.25	$607.00	Repayment Received
October 2008	$606.25	$607.00	Repayment Received
November 2008	$606.25	$601.00	Repayment Received