Mutundwe 2b(iii) Group


Status: Paid Back

$1,775.00   Loan Request
$1,775.00   Paid Back

About the Group

Group Name: Mutundwe 2b(iii) Group
Group Members: Betty Namuga
Margret Nanfuka
Florence Nansubuga
Betty Nayombwe
Esther Nalubwaya
Location: Nateete, Uganda
Activity: Tailoring

About the Loan

Loan Amount: $1,775.00
Loan Use: To buy a sewing machine.
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Mar 30, 2008
Date Disbursed: Apr 14, 2008
Date Funded:Mar 31, 2008
Loan Ended:May 15, 2009

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. Esther is 24 years, married and has two children. Her husband owns a butcher shop. Esther provides tailoring services. She usually earns 100,000 shillings in profits each week. She wants to use the extra profit to expand her business and improve her standard of living.

Betty has a beauty salon and wants to use the loan to buy a steamer.

Florence has a retail business and wants to increase her stock of goods.

Margret sells firewood and Betty sells charcoal.


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

Michelle
Anaheim Hills, CA
United States

kay
molalla, OR
United States

Kristin
Salisbury, NC
United States

CB and Patrick
Foster City, CA
United States

Samuel
Irvington, NJ
United States

Rachel
Carrboro, NC
United States

Jack
Newport Beach, CA
United States

Margaret
Vail, CO
United States

ROBERT
NEW YORK, NY
United States

Anonymous
Middletown, CA
United States

Doug
Oklahoma City, OK
United States

Alen
Vancouver, British Columbia
Canada

Cari
Cypress, TX
United States

Lisa
Leonardtown, MD
United States

Mangala
Pittsburgh, PA
United States

Justice
Toronto, Ontario
Canada

Stephane
malakoff,
France

Randall
Dorchester, MA
United States

Anonymous

Anonymous

Aaron
New York, NY
United States

Anonymous
Buffalo, NY
United States

Michael
Nashua, NH
United States

Susan
Richmond, California
United States

Randy
New Canaan, CT
United States

Peter
Georgetown, TX
United States

Joyce
Los Angeles, CA

Cedric
Seattle, WA
United States

Mary Ann
Atlanta, GA
United States

Linda
Mount Desert, ME
United States

Anonymous
South Pasadena, CA
United States

Frederick
San Francisco, CA
United States

Mary McKay
Westport, CT
United States

Robert
Lockport, NY
United States

Robert
Lauderdale Lakes, FL
United States

Diane
San Bruno, CA
United States

Thomas
München,
Germany

Bea
Tucson, AZ
United States

Laura
Avon, NY
United States

Paul
San Francisco, CA
United States

neddotcom
worldwide, OR
United States

Wendy
Sunnyvale, CA
United States

Julie
Vernon, CT
United States

Bridie
Cranbrook, British Columbia
Canada

Seni
New York, NY
United States



Journal entries for Mutundwe 2b(iii) Group


Loan has been disbursed
 
Entrepreneur: Mutundwe 2b(iii) Group
Location: Nateete, Uganda

Thank you for your loan. It has been disbursed to the Mutundwe 2B(iii) group, consisting of Esther Nalubwaya, Betty Nayombwe, Florence Nansubuga, Margret Nanfuka, Betty Namuga 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
Apr 15, 2008
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Kiva Help Repayment Schedule for Mutundwe 2b(iii) Group

  Expected Repayments Actual Repayments Comments
July 2008 $147.92 $148.00 Repayment Received
August 2008 $147.92 $148.00 Repayment Received
September 2008 $147.92 $148.00 Repayment Received
October 2008 $147.92 $148.00 Repayment Received
November 2008 $147.92 $148.00 Repayment Received
December 2008 $147.92 $148.00 Repayment Received
January 2009 $147.92 $147.42 Repayment Received
February 2009 $147.92 $147.92 Repayment Received
March 2009 $147.92 $147.92 Repayment Received
April 2009 $147.92 $147.92 Repayment Received
May 2009 $147.92 $147.92 Repayment Received
June 2009 $147.88 $147.90 Repayment Received