Nangwe Madibira (v) Group


Status: Paid Back

$1,600.00   Loan Request
$1,600.00   Paid Back

About the Group

Group Name: Nangwe Madibira (v) Group
Group Members: Hindu Biira
Sarah Ngolwope
Faima Mutesi
Hellen Barasa
Location: Busia, Uganda
Activity: Food Market

About the Loan

Loan Amount: $1,600.00
Loan Use: TO purchase more maize flour for sale
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Jun 1, 2008
Date Disbursed: Jul 4, 2008
Date Funded:Jun 20, 2008
Loan Ended:Aug 15, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:United States Dollars (USD)



The leader of this small group is Hellen Barasa. She is currently in the business of selling maize flour and is requesting a loan to purchase additional flour for the business. Hellen is 36 years old and married. Her husband is a businessman. She has 5 children ranging in age from 2 to 18, and all go to school. Each week, Hellen makes approximately UGX 40000 in profits and with the extra profits from her loan, she hopes to be able to pay school fees for the children. Hellen previously received a loan from BRAC Uganda in the amount of UGX 400000 in order to invest in her business, and the loan was paid back on time.

Hellen is joined in her small group by Faima Mutesi, Sarah Ngolwope and Hindu Biira . Faima Mutesi has a business selling new clothes and wants to increase her stock. Sarah Ngolwope is currently operating a business in clothing sales and wants a loan to expand the business. Hindu Biira sells clothes and wants to purchase more clothes for sale.



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

Cayetano
MOAÑA, Pontevedra
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Wyona
Nampa, ID
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Anonymous
Hythe, Hampshire
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Gabriele
Florence, OR
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Ellen
West Chester, PA
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Marshall
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carol
port orchard, WA
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Lauren
Somerville, MA
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patricia
twin falls, ID
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Birgit
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Rose
Westford, MA
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Sharon
Solana Beach, CA
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Clay
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Edward
Geneseo, NY
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Shawn
Sacramento, CA
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Clever Spenden e.V.
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Andrew
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Ann
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Helen
Edmonds, WA
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Karen
Santa Monica, CA
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Anonymous
Philadelphia, PA
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federica
schörfling/A,
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Nicholas
Roswell, GA
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Gustavo
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Jane
fairfield, CT
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Bruce Chou
Oakdale & Los Angeles & San Jose, CA
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Jason
Columbia, MD
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Susan and Mike
Chicago, IL
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Tracey
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Anthony
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Lydie
Paris,
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Bob and Barbara
Apple Valley, CA
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Chris
Orangeville, Ontario
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Anonymous
Thornhill, Ontario
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Rima
Boston, MA
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Walter Sommergruber
Henndorf, Austria
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Jerome
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Anonymous
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Mimi
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Michael
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David J. Bianco
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Journal entries for Nangwe Madibira (v) Group


Loan has been disbursed
 
Entrepreneur: Nangwe Madibira (v) Group
Location: Busia, Uganda

Thank you for your loan. It has been disbursed to the Nangwe Madibira (v) group, consisting of Hellen Barasa, Faima Mutesi, Sarah Ngolwope, Hindu Biira 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
Jul 5, 2008
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Kiva Help Repayment Schedule for Nangwe Madibira (v) Group

  Expected Repayments Actual Repayments Comments
October 2008 $133.33 $134.00 Repayment Received
November 2008 $133.33 $134.00 Repayment Received
December 2008 $133.33 $134.00 Repayment Received
January 2009 $133.33 $131.32 Repayment Received
February 2009 $133.33 $133.33 Repayment Received
March 2009 $133.33 $133.33 Repayment Received
April 2009 $133.33 $133.33 Repayment Received
May 2009 $133.33 $133.33 Repayment Received
June 2009 $133.33 $133.32 Repayment Received
July 2009 $133.33 $133.33 Repayment Received
August 2009 $133.33 $133.33 Repayment Received
September 2009 $133.37 $133.38 Repayment Received