Nabweru South East 2036(ii) Group


Status: Paid Back

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

About the Group

Group Name: Nabweru South East 2036(ii) Group
Group Members: Jemeo Nakasenge
Rehema Namakula
Prossy Nalweyiso
Aisha Kironde
Jalia Nassiwa
Location: Nansana, Uganda
Activity: Food Production/Sales

About the Loan

Loan Amount: $2,000.00
Loan Use: To purchase a used truck to transport the raw foods from villages.
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Feb 12, 2008
Date Disbursed: Feb 26, 2008
Date Funded:Feb 12, 2008
Loan Ended:Apr 8, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:1,700.1000 UGX = 1 USD



Jalia is a 45-year-old widow with seven children. She sells raw foods in the market. She intends to pay school fees for the children and to cater for their other necessities. Aisha and Rehema both deal in secondhand clothes and they want to use the loan and add in more inventory. Prossy owns a beauty salon and she intends to use the loan to buy a hair dryer. Note: 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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Journal entries for Nabweru South East 2036(ii) Group


Loan has been disbursed
 
Entrepreneur: Nabweru South East 2036(ii) Group
Location: Nansana, Uganda

Thank you for your loan. It has been disbursed to the Nabweru South East 2036(ii), consisting of Jalia Nassiwa, Aisha Kironde, Prossy Nalweyiso, Rehema Namakula, Jemeo Nakasenge 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 Nansana, Uganda
Feb 27, 2008
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Kiva Help Repayment Schedule for Nabweru South East 2036(ii) 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 $0.00 Repayment Received
January 2009 $166.67 $331.00 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