Kabowa 1(e) Group


Status: Paid Back

$2,000.00   Loan Request
$2,000.00   Paid Back

About the Group

Group Name: Kabowa 1(e) Group
Group Members: Annet Nakabugo
Zaina Nsoloye
Prossy Nakimuli
Mary Namuyimbwa
Betty Makuma
Location: Nateete, Uganda
Activity: Poultry

About the Loan

Loan Amount: $2,000.00
Loan Use: To expand their businesses by buying new equipment or materials
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Feb 4, 2008
Date Disbursed: Feb 20, 2008
Date Funded:Feb 6, 2008
Loan Ended:Apr 8, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:1,695.0000 UGX = 1 USD



This group has been together for 12 months. Betty is married with seven children, and runs a poultry farm. She needs to buy more baby chicks to raise, and intends to use the money she makes from selling them when they are grown to build a new chicken house and buy a piece of land. Mary and Annet work as seamstresses and plan to use their portions of the loan to buy new sewing machines. Prossy plans to set up her own kiosk in the local market and Zaina wants buy a hair dryer for her beauty salon. Each member of this group is confident that these steps will increase their income and help them and their families live better lives.


This is a group loan. The loan funds will be distributed among the group members, each of whom will invest in her own business. The members mutually guarantee one another's loans. If one member does not repay, the other members are responsible.



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

Henri
Pibrac,
France

Dean
Winnipeg, MB
Canada

Destiny
Eugene, OR
United States

Lori
Calgary, Alberta
Canada

Moira
Anchorage, AK
United States

Stef
Calgary, Alberta
Canada

Wesley
Carterville, IL
United States

Don
Pacific Palisades, CA
United States

Trevor
Chicago, IL
United States

Kylie
Bentleigh, Victoria
Australia

Los Que Dan
Lethbridge, Alberta
Canada

amy
olympia, WA
United States

Lisa
Live Oak, TX
United States

Cis
Atlanta, GA
United States

Jamie & Julie & Jenna
Surrey, British Columbia
Canada

Erika
Murrysville, PA
United States

Lise and Morten
narvik,
Norway

Irene
Ijamsville, MD
United States

Robin
la habra, CA
United States

Chantelle
San Diego, CA
United States

Susan
ST. LOUIS, MO
United States

Amy
Seattle, WA
United States

Catherine
Eden Prairie, MN
United States

Kitty
Manchester, MI
United States

Mrs. R's class
Lafayette, CO
United States

Elizabeth
Eagle, CO
United States

Jody
salt lake city, UT
United States

Christina
Raleigh, NC
United States

Ellen
San Francisco, CA
United States

Bill
Edina, MN
United States

Jim and Sue
Fox Point, WI
United States

Rob
Falls Church, VA
United States

Caroline
Wyoming
United States

Anonymous
Richmond, VA
United States

Kevin
Wheeling, IL
United States

Ann
Alta Loma, CA
United States

Kristen
Chicago, IL
United States

gayle
Hinton, Alberta
Canada



Journal entries for Kabowa 1(e) Group


Loan has been disbursed
 
Entrepreneur: Kabowa 1(e) Group
Location: Nateete, Uganda

Thank you for your loan. It has been disbursed to the Kabowa 1(e), consisting of Betty Makuma, Mary Namuyimbwa, Prossy Nakimuli, Zaina Nsoloye, Annet Nakabugo 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 Nateete, Uganda
Feb 21, 2008
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Kiva Help Repayment Schedule for Kabowa 1(e) Group

  Expected Repayments Actual Repayments Comments
May 2008 $166.67 $167.00 Repayment Received
June 2008 $166.67 $167.00 Repayment Received
July 2008 $166.67 $167.00 Repayment Received
August 2008 $166.67 $167.00 Repayment Received
September 2008 $166.67 $167.00 Repayment Received
October 2008 $166.67 $167.00 Repayment Received
November 2008 $166.67 $167.00 Repayment Received
December 2008 $166.67 $167.00 Repayment Received
January 2009 $166.67 $164.00 Repayment Received
February 2009 $166.67 $166.67 Repayment Received
March 2009 $166.67 $166.67 Repayment Received
April 2009 $166.63 $166.66 Repayment Received