Kasharara Bakyara Twimukye Group


Status: Paid Back

$1,650.00   Loan Request
$1,650.00   Paid Back

About the Group

Group Name: Kasharara Bakyara Twimukye Group
Group Members: Joy Tushabe
Getrude Kansiime
Jeremina Tushabirane
Annet Kyosimire
Edith Tinkamanyire
Sarah Bariremwa
Jenipher Atuhaire
Christine Tugumisirize
Edith Tushabomwe
Judith Birungi
Location: Ibanda, Uganda
Activity: General Store

About the Loan

Loan Amount: $1,650.00
Loan Use: Purchase of a stock of sodas, beer, and other drinks to expand business
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Feb 7, 2008
Date Disbursed: Feb 26, 2008
Date Funded:Feb 12, 2008
Loan Ended:Jun 26, 2008

About the Country

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



Birungi Judith, the chairperson of Kasharara Bakyara Twimukye Group, is 40 years old and has 2 children: 1 is at a university, while the other is in secondary school. Judith also takes care of her 2 brothers. For the past 12 years, she has been running a shop that also operates as a bar in Kagongo, Ibanda district. She has borrowed from the loan organization before, and currently needs support to expand her business by increasing the stock of sodas, beer, and other drinks. Judith's dream is to see her business transform into a whole-sale business, so that she can afford to buy a new business car.



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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Laurent D
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andrew
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Journal entries for Kasharara Bakyara Twimukye Group


Loan has been disbursed
 
Entrepreneur: Kasharara Bakyara Twimukye Group
Location: Ibanda, Uganda

Thank you for your loan. It has been disbursed to the Kasharara Bakyara Twimukye Group, consisting of Judith Birungi, Edith Tushabomwe, Christine Tugumisirize, Jenipher Atuhaire, Sarah Bariremwa, Edith Tinkamanyire, Annet Kyosimire, Jeremina Tushabirane, Getrude Kansiime, Joy Tushabe 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 Ibanda, Uganda
Feb 26, 2008
Comments (1)

Journal
 
Entrepreneur: Kasharara Bakyara Twimukye Group
Location: Ibanda, Uganda

Birungi Judith has a retail shop in the trading centre of Kigongo in Ibanda district. The shop sells sugar, soap, cooking oil, Vaseline and other confectioneries and on top of that operates as a bar mostly in the evenings after people are tired from a long day’s work. She has plastic chairs and tables that she uses in her bar just outside her shop for customers to sit and enjoy a cold beer, soda, wine, spirit or water. This greatly improved her shop because before this inventory, she could stock the drinks for a long time; but now people come in plenty for the drinks. On a crate of beer or soda, the profit is half its price which is good business, considering the high rate at which most Ugandans drink. She intends to start roasting beef, chicken and goat’s meat for the customers and passers by and hopes more money will come in. However her dream is to see a wholesale shop instead of a retail shop that she owns today, as she continues with the bar.


Posted by Grace Nattoolo from Ibanda, Uganda
Jul 4, 2008
Comments (1)

Kiva Help Repayment Schedule for Kasharara Bakyara Twimukye Group

  Expected Repayments Actual Repayments Comments
May 2008 $412.50 $413.00 Repayment Received
June 2008 $412.50 $413.00 Repayment Received
July 2008 $412.50 $413.00 Repayment Received
August 2008 $412.50 $411.00 Repayment Received