Namugongo(i) Group


Status: Paid Back

$1,100.00   Loan Request
$1,100.00   Paid Back

About the Group

Group Name: Namugongo(i) Group
Group Members: Jane Nakimero
Annet Nalule
Saida Kabanda
Betty Nabagibwa
Christine Lubega
Location: Kireka, Uganda
Activity: Food Market

About the Loan

Loan Amount: $1,100.00
Loan Use: To expand her chicken feed business
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Feb 11, 2008
Date Disbursed: Feb 25, 2008
Date Funded:Feb 11, 2008
Loan Ended:Apr 8, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:1,720.0000 UGX = 1 USD



The group leader of this small group is Christine Lubega. She is currently in the business of selling chicken feed and is requesting a loan of UGX 500,000 to expand her business. Christine is 27 years old and married to a trader. She has 2 children ranging from age 4 to 6 and her children go to school. Each week, Christine makes approximately UGX 200,000 in profits and with the extra profits from her loan, she hopes to be able to build rental houses. Christine has taken a loan from BRAC Uganda before in the amount of UGX 300,000 in order to invest in a retail shop business and the loan was paid back on time.


Christine is joined in her small group by Betty Nabagibwa, Saida Kabanda, Annet Nalule, and Jane Nakimera. Betty Nabagibwa runs a canteen and is requesting a loan of UGX 400,000 to increase the canteen stock. Saida Kabanda sells irish potatoes and is requesting a loan of UGX 500,000 to start sellling a greater variety of foodstuffs. Annet Nalule operates a public pay phone and is requesting a loan of UGX 400,000 to purchase more airtime cards. Jane Nakimera sells matooke (plantain) and is requesting a loan of UGX 50,000 to increase stock.



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

Family Law Group
Seattle, WA
United States

Kim
Fort Myers, FL
United States

Dale & Christine
Towson, MD
United States

Denis
Manaus, Amazonas

Christine
Davenport, FL
United States

Jerry, Laura & Erin
Montclair, NJ
United States

Brett & Kay
Austin, TX
United States

Cheryl
Laurel, MD
United States

Michael Messina
Des Moines, IA
United States

Paul
Latta, SC
United States

truk
Memphis, TN
United States

Spencer
McCammon, ID
United States

Anonymous
Wilmington, DE
United States

Joyce
Carthage, TN
United States

Dan

Scott & Susan
New Ulm, MN
United States

Jehan
Mount Waverley, Victoria



Journal entries for Namugongo(i) Group


Loan has been disbursed
 
Entrepreneur: Namugongo(i) Group
Location: Kireka, Uganda

Thank you for your loan. It has been disbursed to the Namugongo(i), consisting of Christine Lubega, Betty Nabagibwa, Saida Kabanda, Annet Nalule, Jane Nakimero 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 Kireka, Uganda
Feb 26, 2008
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Kiva Help Repayment Schedule for Namugongo(i) Group

  Expected Repayments Actual Repayments Comments
May 2008 $91.67 $92.00 Repayment Received
June 2008 $91.67 $92.00 Repayment Received
July 2008 $91.67 $92.00 Repayment Received
August 2008 $91.67 $92.00 Repayment Received
September 2008 $91.67 $92.00 Repayment Received
October 2008 $91.67 $92.00 Repayment Received
November 2008 $91.67 $92.00 Repayment Received
December 2008 $91.67 $90.00 Repayment Received
January 2009 $91.67 $91.00 Repayment Received
February 2009 $91.67 $91.67 Repayment Received
March 2009 $91.67 $91.67 Repayment Received
April 2009 $91.63 $91.66 Repayment Received