Sarah Nabagala's Group


Status: Paid Back

$1,400.00   Loan Request
$1,400.00   Paid Back

About the Group

Group Name: Sarah Nabagala's Group
Group Members: Hellen Anyingo
Grace Nampewo
Mary Anyipo
Mary Akello
Sarah Nabagala
Location: Kireka, Uganda
Activity: Restaurant

About the Loan

Loan Amount: $1,400.00
Loan Use: To invest in another business venture
Repayment Term: 15 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Dec 25, 2007
Date Disbursed: Jan 10, 2008
Date Funded:Dec 27, 2007
Loan Ended:Feb 15, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:1,690.0000 UGX = 1 USD



Sarah Nabagala wants to open up a new business alongside the existing one (a restaureant) to improve her income level.



Background on BRAC and BRAC Uganda


BRAC (Building Resources Across Communities) is a development organization that began operations in Bangladesh as a small-scale relief and rehabilitation project in 1972 to help the country overcome the devastation and trauma of the liberation war and focused on resettling refugees returning from India. Today, BRAC has emerged as an independent, virtually self-financed paradigm in sustainable human development. It is one of the largest Southern development organizations employing over 100,000 people, 61% of which are women, and working with the twin objectives of poverty alleviation and empowerment of the poor. Diagnosing poverty in human terms and recognizing its multifaceted nature, BRAC approaches poverty alleviation with a holistic approach.


The successes of BRAC in the international development arena have stimulated a series of discussions, both with African delegations, who have visited BRAC programs, and with donors who work in Asia and Africa. Both the African countries and the donors have encouraged BRAC to join the development campaign in Africa to achieve the Millennium Development Goals (MDGs) and more recently to join the campaign of “ending poverty”, which is an area where Africa represents the greatest global challenge.


In Uganda, BRAC registered as a Non Government Organization (NGO) in January 2006 to undertake programs in Education, Health, Water & Sanitation, Agriculture & Livestock and Microfinance. The Microfinance and Education are the pioneer programs launched in Uganda and, as of July 2007, had served 21,273 borrowers and enrolled 1,155 adolescents in its education program.



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

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Lenders to this group

Wade
Sequim, WA
United States

Phillip
Oakton, VA
United States

Kyle
Chicago, Illinois
United States

phu hoa
east york, Ontario
Canada

Valerija
bayside, NY
United States

marise
San anselmo, CA
United States

Sue
Kalamazoo, MI
United States

Terri
Las Vegas, NV
United States

Jerome
Mundare, Alberta
Canada

Kristi
St Paul, MN
United States

Gethsemane Church
Minneapolis, MN
United States

Bunny
Gulfport, MS

Anonymous

Jake
Durham, NC
United States

Anonymous

william
sagle, ID
United States

Thu
Melbourne,
Australia

Andrew
Cheshire, CT
United States

Fred & Gloria
Sarnia, Ontario
Canada

SHIRAZ
LEWISVILLE, TX
United States

ALON
Annapolis, MD
United States

Noah
Cedar Falls, IA
United States

Ashley
Bakersfield, CA
United States

Cathy
Brea, CA
United States

paulo
Stillwater, MN
United States

Katie
St. Louis, MO
United States

Ross
Palo Alto, CA
United States

Sage
San Francisco, CA
United States

KAREN
Rathdrum, ID
United States

Eloise

Bahrain

Anonymous

Anonymous

Bryan and Cheryl
Anchorage, AK
United States

Michael
Brooklyn, NY
United States

Michelle
Surrey, British Columbia
Canada

Jim
Helsinki,
Finland

Harry
Ojai, CA
United States



Journal entries for Sarah Nabagala's Group


Loan has been disbursed
 
Entrepreneur: Sarah Nabagala's Group
Location: Kireka, Uganda

Thank you for your loan. It has been disbursed to Sarah Nabagala
Mary Akello
Mary Anyipo
Grace Nampewo
Hellen Anyingo by BRAC Uganda in Uganda. We are excited to watch this business grow. Over the next 12 months, BRAC Uganda will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Kireka, Uganda
Jan 10, 2008
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Kiva Help Repayment Schedule for Sarah Nabagala's Group

  Expected Repayments Actual Repayments Comments
April 2008 $116.67 $117.00 Repayment Received
May 2008 $116.67 $117.00 Repayment Received
June 2008 $116.67 $117.00 Repayment Received
July 2008 $116.67 $117.00 Repayment Received
August 2008 $116.67 $117.00 Repayment Received
September 2008 $116.67 $117.00 Repayment Received
October 2008 $116.67 $117.00 Repayment Received
November 2008 $116.67 $117.00 Repayment Received
December 2008 $116.67 $117.00 Repayment Received
January 2009 $116.67 $113.67 Repayment Received
February 2009 $116.67 $116.67 Repayment Received
March 2009 $116.63 $116.66 Repayment Received