Erisa B(iii) Group


Status: Paid Back

$1,125.00   Loan Request
$1,125.00   Paid Back

About the Group

Group Name: Erisa B(iii) Group
Group Members: Florence Nakalema
Sanyu Nakirembe
Regina Nakitende
Costa Nankya
Juliet Kirwana
Location: Kalerwe, Uganda
Activity: Poultry

About the Loan

Loan Amount: $1,125.00
Loan Use: To buy more inventory for their businesses
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Feb 6, 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



Juliet is 48 years old and married with three children. She helps support her family by running a poultry farm. Costa and Regina operate grocery stores. Sanyu breeds poultry and Florence sells charcoal. Juliet wants to use the extra profits generated by this loan to pay her grandchildren's school fees.


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

Ted
Maple Grove, MN
United States

Ava
New York, NY
United States

Monika
Reseda, CA
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barbara
Bellingham, WA
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Tessa
Milwaukee, WI
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Leon
Toronto, Ontario
Canada

sharon
hastings, MN
United States

Nolan
Ypsilanti, MI
United States

Miles
N. Ridgeville, OH
United States

Steve
Katy, TX
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carla
Minneapolis, MN
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Mark
columbia, SC
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Clark
Newport, RI
United States

Damian
Ambler, PA
United States

Travis
Kent, WA
United States

Troy
Reykjavik,
Iceland

George
Halifax, Nova Scotia
Canada

Juliet
Shawnee, KS
United States

Gerre
Reno, NV
United States

Robert
Lodi, CA
United States

Penny
Cambria, CA
United States

Ari
Austin, TX
United States

Anonymous
Rialto,

Madison
Atlanta, GA
United States

Vassilis Porfiris
N.Ionia, Athens
Greece



Journal entries for Erisa B(iii) Group


Loan has been disbursed
 
Entrepreneur: Erisa B(iii) Group
Location: Kalerwe, Uganda

Thank you for your loan. It has been disbursed to the Erisa B(iii), consisting of Juliet Kirwana, Costa Nankya, Regina Nakitende, Sanyu Nakirembe, Florence Nakalema 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 21, 2008
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Kiva Help Repayment Schedule for Erisa B(iii) Group

  Expected Repayments Actual Repayments Comments
May 2008 $93.75 $94.00 Repayment Received
June 2008 $93.75 $94.00 Repayment Received
July 2008 $93.75 $94.00 Repayment Received
August 2008 $93.75 $94.00 Repayment Received
September 2008 $93.75 $94.00 Repayment Received
October 2008 $93.75 $94.00 Repayment Received
November 2008 $93.75 $94.00 Repayment Received
December 2008 $93.75 $94.00 Repayment Received
January 2009 $93.75 $91.75 Repayment Received
February 2009 $93.75 $93.75 Repayment Received
March 2009 $93.75 $93.75 Repayment Received
April 2009 $93.75 $93.75 Repayment Received