Erisa A (iv) Group

Status: Paid Back

$775.00		Loan Request
$775.00		Paid Back

About the Group

Group Name:	Erisa A (iv) Group
Group Members:	Aisha Nalumansi Jesca Namubiru Sylvia Nyambura Aidah Babirye Safina Namusoke
Location:	Kalerwe, Uganda
Activity:	Food Market

About the Loan

Loan Amount:	$775.00
Loan Use:	To buy additional items to sell to their customers
Repayment Term:	14 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Feb 4, 2008
Date Disbursed:	Feb 19, 2008
Date Funded:	Feb 5, 2008
Loan Ended:	Apr 8, 2009

About the Field Partner

Field Partner:

BRAC Uganda

Field Partner Risk Rating:

(Learn more)

Active

23 months

8418

$2,316,025

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:	1,695.0000 UGX = 1 USD

Safina is 25 years old and married with four children. She sells raw foodstuffs from a stall in the local market. Aidah sells charcoal. Sylvia, Jesca and Aisha deal in second-hand clothes. All five women have applied for a loan to expand their businesses. Safina wants to use the extra income generated by the loan to pay school fees for her children.

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

Lenders to this group

David and Amy
sherman oaks, CA
United States

Sean
Los Angeles, CA
United States

Marina & Mike

Israel

Anonymous

Denise
Brooklyn, NY
United States

Karianne en Willem
Rotterdam,
Netherlands

Andrew
Seattle, WA
United States

Joey
San Francisco, CA
United States

Anonymous

Anna
Groningen,
Netherlands

Kim&Frida
ballerup, dk
Denmark

Tom & Judie
Minneapolis, MN
United States

Theresa
New York, NY
United States

Laurence

Sarah
Chicago, IL
United States

Ross & Ann
Kenai, AK
United States

MarieLynn
ROXBORO, Quebec
Canada

Anonymous
pasadena, CA
United States

Eleanor
Burbank, CA
United States

Journal entries for Erisa A (iv) Group

Loan has been disbursed Entrepreneur: Erisa A (iv) Group Location: Kalerwe, Uganda Thank you for your loan. It has been disbursed to Safina Namusoke Aidah Babirye Sylvia Nyambura Jesca Namubiru Aisha Nalumansi 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 Kalerwe, Uganda Feb 19, 2008
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Repayment Schedule for Erisa A (iv) Group

Show Advanced

	Expected Repayments	Actual Repayments	Comments
May 2008	$64.58	$65.00	Repayment Received
June 2008	$64.58	$65.00	Repayment Received
July 2008	$64.58	$65.00	Repayment Received
August 2008	$64.58	$65.00	Repayment Received
September 2008	$64.58	$65.00	Repayment Received
October 2008	$64.58	$65.00	Repayment Received
November 2008	$64.58	$65.00	Repayment Received
December 2008	$64.58	$65.00	Repayment Received
January 2009	$64.58	$61.25	Repayment Received
February 2009	$64.58	$64.58	Repayment Received
March 2009	$64.58	$64.58	Repayment Received
April 2009	$64.62	$64.59	Repayment Received