Arubaine Cb Group


Status: Paid Back

$1,575.00   Loan Request
$1,575.00   Paid Back

About the Group

Group Name: Arubaine Cb Group
Group Members: Hadija Mohammed
Hadija Mutesi
Frida Olodi
Rispa Lwande
Location: Busia, Uganda
Activity: Pharmacy

About the Loan

Loan Amount: $1,575.00
Loan Use: To expand drug shop business.
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: May 11, 2008
Date Disbursed: May 26, 2008
Date Funded:May 12, 2008
Loan Ended:Jun 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 leader of this group is Rispa Lwande. She has a drug shop and is requesting a loan to purchase more drugs for sale. Rispa is 27 years old and is married. Her husband owns a retail shop. She has one child aged 6 who goes to school. Each week, Rispa makes approximately UGX 50000 in profits and with the extra profits from her loan she hopes to add more stock to her business. Rispa has taken a loan from BRAC Uganda before in the amount of UGX 250000 and the loan was paid back on time.


Rispa is joined in her group by Frida Olodi, Hadija Mutesi and Hadija Mohammed. Frida Olodi has a business selling new clothes and wants to expand her business. Hadija Mutesi has a retail shop and wants a loan to increase stock. Hadija Muhamed operates a charcoal business she wants to expand.



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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Journal entries for Arubaine Cb Group


Loan has been disbursed
 
Entrepreneur: Arubaine Cb Group
Location: Busia, Uganda

Thank you for your loan. It has been disbursed to the Arubaine Cb group, consisting of Rispa Lwande, Frida Olodi, Hadija Mutesi, Hadija Mohammed 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 Busia, Uganda
May 26, 2008
Comments (1)

Kiva Help Repayment Schedule for Arubaine Cb Group

  Expected Repayments Actual Repayments Comments
August 2008 $131.25 $132.00 Repayment Received
September 2008 $131.25 $132.00 Repayment Received
October 2008 $131.25 $132.00 Repayment Received
November 2008 $131.25 $132.00 Repayment Received
December 2008 $131.25 $129.00 Repayment Received
January 2009 $131.25 $130.50 Repayment Received
February 2009 $131.25 $131.25 Repayment Received
March 2009 $131.25 $131.25 Repayment Received
April 2009 $131.25 $131.25 Repayment Received
May 2009 $131.25 $131.25 Repayment Received
June 2009 $131.25 $131.25 Repayment Received
July 2009 $131.25 $131.25 Repayment Received