Nasuti C(iii) Group

Status: Paid Back

$1,300.00		Loan Request
$1,300.00		Paid Back

About the Group

Group Name:	Nasuti C(iii) Group
Group Members:	Annet Mirembe Linda Nalubega Keti Nankinga Fatuma Nakku Ruth Birungi
Location:	Mukono, Uganda
Activity:	Grocery Store

About the Loan

Loan Amount:	$1,300.00
Loan Use:	To purchase more grocery items and pay school fees
Repayment Term:	14 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Mar 26, 2008
Date Disbursed:	Apr 10, 2008
Date Funded:	Mar 27, 2008
Loan Ended:	May 15, 2009

About the Field Partner

Field Partner:

BRAC Uganda

Field Partner Risk Rating:

(Learn more)

Active

23 months

8428

$2,317,800

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:	1,705.0000 UGX = 1 USD

This group has been together for one year. Ruth is 32 years old and married with three children. Ruth and Annet have grocery stores. Ruth wants to use the extra busines profits to pay school fees for her children and improve her current business. Fatumah sells charcoal and wants to use the loan to expand the business. Linda ia a hair dresser, while Keti sells second-hand clothes.

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

Julien
Paris,
France

Manmohan
Bangalore, Karnataka
India

Matt
Armonk, NY
United States

Anonymous
Castlegar, British Columbia
Canada

Jen
Madison, WI
United States

Dan
franklin, TN
United States

Eric
Paris,

Elise

Ruth
Berkeley, CA
United States

Donna
Quincy, MA
United States

Dave
Gig Harbor, WA
United States

Yonas & Semira
Asmara,
Eritrea

Kurt

Mark

Bob and Michelle
Johnson City, NY
United States

Carla
York,, Maine
United States

Gayle
Coral Springs, FL
United States

Anonymous
westford, MA
United States

BlueAvocado
Austin, TX
United States

Hui-Ling
Vancouver, British Columbia
Canada

Anonymous
Philadelphia, PA
United States

steve
Atherton, CA
United States

Mary
Dix Hills, NY
United States

Anonymous

Rainmaker Strategies
Toronto, Ontario
Canada

Brechta
VlEUTEN, The Netherlands,

Ravi
Aldie, VA
United States

Johanna

Journal entries for Nasuti C(iii) Group

Loan has been disbursed Entrepreneur: Nasuti C(iii) Group Location: Mukono, Uganda Thank you for your loan. It has been disbursed to the Nasuti C(iii) group, consisting of Ruth Birungi, Fatuma Nakku, Keti Nankinga, Linda Nalubega, Annet Mirembe 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 Mukono, Uganda Apr 11, 2008
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Repayment Schedule for Nasuti C(iii) Group

Show Advanced

	Expected Repayments	Actual Repayments	Comments
July 2008	$108.33	$109.00	Repayment Received
August 2008	$108.33	$109.00	Repayment Received
September 2008	$108.33	$109.00	Repayment Received
October 2008	$108.33	$109.00	Repayment Received
November 2008	$108.33	$109.00	Repayment Received
December 2008	$108.33	$109.00	Repayment Received
January 2009	$108.33	$104.33	Repayment Received
February 2009	$108.33	$108.33	Repayment Received
March 2009	$108.33	$108.33	Repayment Received
April 2009	$108.33	$108.33	Repayment Received
May 2009	$108.33	$108.33	Repayment Received
June 2009	$108.37	$108.35	Repayment Received