Banda B7 D Group


Status: Paid Back

$1,525.00   Loan Request
$1,525.00   Paid Back

About the Group

Group Name: Banda B7 D Group
Group Members: Nakazzi Bhamisi
Aisha Nakafeero
Betty Nabulumbi
Gloria Namugere
Agnes Koburungi
Location: Kireka, Uganda
Activity: Home Products Sales

About the Loan

Loan Amount: $1,525.00
Loan Use: To increase inventory in retail shop
Repayment Term: 15 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Feb 19, 2008
Date Disbursed: Mar 6, 2008
Date Funded:Feb 21, 2008
Loan Ended:Apr 15, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:1,715.0000 UGX = 1 USD



The group leader of this small group is Agnes Koburungi. She owns a retail shop and is requesting a loan to increase inventory. Agnes is 40 years old and is divorced. She has 3 children ranging from age 11 to 15 and her children go to school. Each week, Agnes makes approximately UGX 40000 in profits and with the increased profits from her loan, she hopes to buy a piece of land Agnes has taken a loan from BRAC Uganda before to invest in her business and the loan was paid back on time. Agnes is joined in her small group by Gloria Namugere, Betty Nabulumbi, Aisha Nakafero, and Bhamisi Nakazzi. Gloria Namugere has a business in arts and craffs and wants to expand business. Betty Nabulumbi is currently operating a business in livestock farming and wants a loan to expand her piggery business. Aisha Nakafero operates a business of clothing sales and wants to add inventory. Bhamisi Nakazzi is currently in the business of used clothing and is requesting a loan 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

Andrea
Chilliwack, British Columbia
Canada

William
Hoodsport, WA
United States

Rob W.
Le Chalard,
France

Alan
Somerville, MA
United States

Matt & Krista
Los Angeles, CA
United States

Ellen
Santa Fe, NM
United States

Sojourner
tulsa, OK
United States

Hyatt Family
Beaverton, OR
United States

Jacob
Overland Park, KS
United States

lara
chestnut hill, MA
United States

Michael
Vanloese,
Denmark

Bernadette
Oslo,
Norway

eric and mai
iida-shi, Nagano

Anonymous
Philadelphia, PA
United States

Anonymous
morrisville, NC
United States

Peer
Überacker,
Germany

Evan
Washington, DC
United States

ben

Steve
San Jose, CA
United States

Anonymous

Canada Bob
Hammonds Plains, Nova Scotia
Canada

Julie
San Francisco, CA
United States

marcie
telluride, CO
United States

David
Los Angeles, CA
United States



Journal entries for Banda B7 D Group


Loan has been disbursed
 
Entrepreneur: Banda B7 D Group
Location: Kireka, Uganda

Thank you for your loan. It has been disbursed to the Banda B7 D group, consisting of Agnes Koburungi, Gloria Namugere, Betty Nabulumbi, Aisha Nakafeero, Nakazzi Bhamisi 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
Mar 7, 2008
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Kiva Help Repayment Schedule for Banda B7 D Group

  Expected Repayments Actual Repayments Comments
June 2008 $127.08 $128.00 Repayment Received
July 2008 $127.08 $128.00 Repayment Received
August 2008 $127.08 $128.00 Repayment Received
September 2008 $127.08 $128.00 Repayment Received
October 2008 $127.08 $128.00 Repayment Received
November 2008 $127.08 $128.00 Repayment Received
December 2008 $127.08 $128.00 Repayment Received
January 2009 $127.08 $120.67 Repayment Received
February 2009 $127.08 $127.08 Repayment Received
March 2009 $127.08 $127.08 Repayment Received
April 2009 $127.08 $127.08 Repayment Received
May 2009 $127.12 $127.09 Repayment Received