Kirinyabigo I(a) Group


Status: Paid Back

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

About the Group

Group Name: Kirinyabigo I(a) Group
Group Members: Grace Nakiseka
Aisha Namatovu
Harriet Nansasi
Harriet Nakiito
Milly Nantongo
Location: Nateete, Uganda
Activity: Catering

About the Loan

Loan Amount: $2,000.00
Loan Use: To buy food warmers.
Repayment Term: 15 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jan 25, 2008
Date Disbursed: Feb 9, 2008
Date Funded:Jan 26, 2008
Loan Ended:Apr 8, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:1,705.0000 UGX = 1 USD



Milly has a restaurant business. With the extra business profits, she intends to buy a plot of land and build a house. Harriet and Grace sell raw foods in the market and want to use the loan to expand the business.

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

Portia
Washington, MO
United States

hayden
Oakland, CA
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Devon
Berkeley, CA
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One Horizon Foundation
Lexington, KY
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Wyashica
Euclid, OH
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Matthew
Brookline, MA
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Richard
Indianapolis, IN
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Maryanne
Spokane, WA
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Robert
Payson, AZ
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artyzyn
San Diego, CA
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cassandra
Sahuarita, AZ
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sharon
shakopee, MN
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Christopher
London,
United Kingdom

Judy & Family
Lillooet, British Columbia
Canada

Mike & Lorrie
Coquitlam, British Columbia
Canada

Ljiljana

United Kingdom

Lisa
Grand Rapids, MI
United States

Yemisi
Playa Vista, CA
United States

Sherron
New York, NY
United States

Vera
Spring Valley, OH
United States

Terry
Montreal, Quebec
Canada

Nathan & Steve
Seattle, WA
United States

Kurtis
Kinde, MI
United States

Ryan Seda
San Diego, CA
United States



Journal entries for Kirinyabigo I(a) Group


Loan has been disbursed
 
Entrepreneur: Kirinyabigo I(a) Group
Location: Nateete, Uganda

Thank you for your loan. It has been disbursed to Milly Nantongo
Harriet Nakiito
Harriet Nansasi
Aisha Namatovu
Grace Nakiseka 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 Nateete, Uganda
Feb 10, 2008
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Kiva Help Repayment Schedule for Kirinyabigo I(a) 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 $167.00 Repayment Received
January 2009 $166.67 $164.00 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