Akutwala Ekiro Women's Group

Status: Paid Back

$3,225.00		Loan Request
$3,225.00		Paid Back

About the Group

Group Name:	Akutwala Ekiro Women's Group
Group Members:	Margaret Nakasinde Betty Nabunya Betty Nakate Milly Kakembo Justine Nakaggwa Teddy Tabula Scovia Nassejje Edith Nsereko Angella Nakalema Josephine Namyunja Florence Namitego Florence Kyamubi Hasifa Nalubega Suzan Nassozi
Location:	Bulenga, Uganda
Activity:	Restaurant

About the Loan

Loan Amount:	$3,225.00
Loan Use:	Suzan plans to expand her restaurant by buying more utensils to enable her to prepare more local dishes like matooke, rice, posho, and cassava.
Repayment Term:	7 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Feb 1, 2008
Date Disbursed:	Feb 15, 2008
Date Funded:	Feb 1, 2008
Loan Ended:	Jun 16, 2008

About the Field Partner

Field Partner:

Pearl Microfinance Limited

Field Partner Risk Rating:

(Learn more)

Active

26 months

10718

$2,893,675

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:	1,710.0000 UGX = 1 USD

Suzan Nassozi, the chairperson of Akutwala Ekiro Women’s Group, is 29 years old. She is married and cares for her 2 children and three other relatives. She has been running a restaurant business for 11 years at Mengo hospital and her clients are mostly patients and their caretakers. Over the past 18 months she has received loans of various amounts just like her group members. Although she is married, Suzan's husband is mostly away from home, leaving the responsibility of her home to herself. She plans to expand her restaurant by buying more utensils like saucepans, plates, and forks, which will enable her to prepare more dishes for her customers like matooke (cooked unripened bananas that are wrapped in banana leaves), rice, posho, and cassava. Suzan is really hard working.

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

Joey
Los Angeles, CA
United States

Jillian
Vence,
France

Anonymous
San Francisco, CA
United States

Arlene
Washington, DC
United States

Rita
Oakland, CA
United States

Paula
Albuquerque, NM
United States

paola e monica
Bernareggio, Milano
Italy

Dee & George
Delta, British Columbia
Canada

Kathy
Bend, OR
United States

richard & kris
port orchard, WA
United States

Jason
Tucson, AZ
United States

Jonathan
West Cornwall, CT
United States

Mac

james
central, SC
United States

Robert and Pamela
San Jose, CA
United States

Janti Soeripto
Rotterdam,
Netherlands

Kathleen
Woodinville, WA
United States

Bert
Stuttgart,
Germany

Sara Rose
Santa Monica, CA
United States

Geoff

Christmas Island

Frank
New York, NY
United States

Buchanan Family
www.kivafriends.org, Ramsey, NJ
United States

Jenda
Garden Grove, CA
United States

Siobhan
Bern, CH
Switzerland

Sam Snyder
Lawrence, KS
United States

Noriko
Aurora, CO
United States

Dylan and Erica
Victoria, BC
Canada

Anonymous
Greensboro, NC
United States

Kerry
CONCORD, New South Wales
Australia

Maria
Duluth, MN
United States

Jeffrey
Salt Lake City, UT
United States

Martin
Syosset, NY
United States

Marie

Lawson
MARIETTA, GA
United States

kendra
Louisville, CO
United States

Lara
Phoenix, AZ
United States

Derek
Orangeville, Ontario
Canada

darwin
Richardson, TX
United States

Christy
Long Beach, CA
United States

Nancy

Susan
Surrey, British Columbia
Canada

David
Toronto, Ontario
Canada

Shannon
Fayetteville, NC
United States

Hannah and Eric
St Agatha, Ontario
Canada

Valerie

Anonymous
New York, NY
United States

Shiv Shreya
Montreal, Quebec
Canada

Kathy

Megan
Oakton, VA
United States

Wagner Family
White Rock, British Columbia
Canada

Christine
Arlington, VA
United States

Num and LoH
Lincoln, NE
United States

Anonymous
Roseburg, OR
United States

Jeanne
Covina (Los Angeles area), California
United States

Lee & Karen
Sacramento, CA
United States

Jong Yang
Kuala Lumpur, Wilayah Persekutuan
Malaysia

Stine
Palo Alto, CA
United States

Lamont
Seattle, WA
United States

Lauren
Somerville, MA
United States

Heather
Mönchengladbach, MA
Germany

Sally
Armadale, Victoria
Australia

Jill
Yorklyn, DE
United States

Charity
Sacramento, CA
United States

Anonymous
Toronto, Ontario
Canada

Jeannine
Baltimore, MD
United States

John & Kathleen
Damariscotta, ME
United States

Stephen Winchie
Hamilton, Ontario
Canada

Anonymous
Stoney Creek, Ontario
Canada

Penny
Ancaster, Ontario
Canada

Lori
Brandon, FL
United States

bradford
Corona, CA
United States

Geoff
Melbourne, Victoria
Australia

Anonymous
Suffolk, Virginia
United States

Ash Grove
New York, ny
United States

KKS
Amherst, MA
United States

Brendan
Columbia, SC
United States

Anonymous
Normal, IL
United States

Kelly & Leonard
Burien, WA
United States

Heather
Narre Warren Nth, Victoria
Australia

Sandie and Bill

Eight servants
Eatonville, Washington
United States

Kevin
Taylors, SC
United States

Ian
Danville, CA
United States

William A.
Alpharetta, GA
United States

Matt and Jen
Ardmore, PA
United States

Anonymous
Phoenix, AZ
United States

Journal entries for Akutwala Ekiro Women's Group

Loan has been disbursed Entrepreneur: Akutwala Ekiro Women's Group Location: Bulenga, Uganda Thank you for your loan. It has been disbursed to Suzan Nassozi Hasifa Nalubega Florence Kyamubi Florence Namitego Josephine Namyunja Angella Nakalema Edith Nsereko Scovia Nassejje Teddy Tabula Justine Nakaggwa Milly Kakembo Betty Nakate Betty Nabunya Margaret Nakasinde by Pearl Microfinance Limited in Uganda. We are excited to watch this business grow. Over the next 4 months, Pearl Microfinance Limited will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by from Bulenga, Uganda Feb 16, 2008
Comment on this entry

Journal Entrepreneur: Akutwala Ekiro Women's Group Location: Bulenga, Uganda As long as Mengo hospital has patients, Nassozi Suzan can never be out of business, and if it ever happens, she can find another location because of her delicious meals. Her 11year old restaurant is doing well and it has enabled her to repay her loans on time. The profits help with taking care of her home as well as paying school fees. Hence a need for the loans to restock food and sorting out rent for the hospital premises. Her customer base has expanded because the only hindrance was the lack of utensils and in addition, she managed to get more comfortable seats for the ever increasing customers. She is now a variety woman.
Posted by Grace Nattoolo from Bulenga, Uganda Jun 18, 2008
Comments (1)

Repayment Schedule for Akutwala Ekiro Women's Group

Show Advanced

	Expected Repayments	Actual Repayments	Comments
May 2008	$806.25	$807.00	Repayment Received
June 2008	$806.25	$807.00	Repayment Received
July 2008	$806.25	$807.00	Repayment Received
August 2008	$806.25	$804.00	Repayment Received