Namungoona 1g (a) Group


Status: Paid Back

$1,550.00   Loan Request
$1,550.00   Paid Back

About the Group

Group Name: Namungoona 1g (a) Group
Group Members: Brenda Mbabazi
Jennifer Nakato
Milly Nabukalu
Christine Ndagire
Phiona Nalukenge
Location: Kasubi, Uganda
Activity: Beauty Salon

About the Loan

Loan Amount: $1,550.00
Loan Use: These women would like to improve their businesses.
Repayment Term: 15 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Feb 12, 2008
Date Disbursed: Mar 1, 2008
Date Funded:Feb 16, 2008
Loan Ended:Apr 15, 2009

About the Country

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



This group has been together for one year. Phiona is 30 years old and married with two children. She works in a beauty salon. She wants to use the extra profits to re-invest in the business and improve her lifestyle. Brenda works in a hotel and wants to use the loan to buy more foodstuffs. Christine sells used clothes and wants to purchase more clothes for sale. Milly sells raw foodstuffs.

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

Michele
Tampa, FL
United States

Amy
Kirkwood, MO
United States

Jeff

Dominica

Hopkins family
London, London
United Kingdom

yuki-H
Tsuchiura, Ibaraki
Japan

brad
Sioux Falls, SD
United States

Arbita
Minneapolis, MN
United States

Liat
Suffern, NY
United States

Vicky
Kirkland, WA
United States

Simek Seva
Doylestown, PA
United States

Carole
Steamboat Springs, CO
United States

Paul & Kristen
Lebanon, NH
United States

Lori
Madison, WI
United States

Dana
St. Louis, MO
United States

Nikki
Seoul,
Korea, Republic of

Skylar
San Francisco, CA
United States

Jay and Jenn
Surrey, British Columbia
Canada

andrea
whitefish bay, WI
United States

Pedja
Lopare, Republika Srpska
Bosnia and Herzegovina

Greg
Lancaster, PA
United States

Jessy
Dallas, TX
United States

Jill
Atlanta, GA
United States

Anonymous
Harlem, GA
United States

JAVIER MEXICO
TORREON, COAHUILA
Mexico

Matthew
Peabody, MA
United States

Torre and Ken
Traverse City, Michigan
United States

Kristine and Margaret
Lynchburg, VA
United States

Donna
Carol Stream, IL
United States

Tremayne Tatem
Sinking Spring, PA
United States

Chau
Rockville, MD
United States

Anonymous

Roel
Amsterdam, Noord-Holland
Netherlands

Wilma
Texel,
Netherlands

Christen
Manchester, NH
United States

Tom
Ames, IA
United States

Patrice
BROOKLYN, NY
United States



Journal entries for Namungoona 1g (a) Group


Loan has been disbursed
 
Entrepreneur: Namungoona 1g (a) Group
Location: Kasubi, Uganda

Thank you for your loan. It has been disbursed to the Namungoona 1G (a), consisting of Phiona Nalukenge, Christine Ndagire, Milly Nabukalu, Jennifer Nakato, Brenda Mbabazi 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 Kasubi, Uganda
Mar 1, 2008
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Kiva Help Repayment Schedule for Namungoona 1g (a) Group

  Expected Repayments Actual Repayments Comments
June 2008 $129.17 $130.00 Repayment Received
July 2008 $129.17 $130.00 Repayment Received
August 2008 $129.17 $130.00 Repayment Received
September 2008 $129.17 $130.00 Repayment Received
October 2008 $129.17 $130.00 Repayment Received
November 2008 $129.17 $130.00 Repayment Received
December 2008 $129.17 $130.00 Repayment Received
January 2009 $129.17 $123.33 Repayment Received
February 2009 $129.17 $129.17 Repayment Received
March 2009 $129.17 $129.17 Repayment Received
April 2009 $129.17 $129.17 Repayment Received
May 2009 $129.13 $129.16 Repayment Received