Marach D(vii) Group


Status: Paid Back

$1,000.00   Loan Request
$1,000.00   Paid Back

About the Group

Group Name: Marach D(vii) Group
Group Members: Amisi Nanvwa
Salea Zainabu
Madina Nakayneie
Location: Busia, Uganda
Activity: Food Market

About the Loan

Loan Amount: $1,000.00
Loan Use: To purchase more matooke food from the village
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 3, 2008
Date Disbursed: Jul 11, 2008
Date Funded:Jun 27, 2008
Loan Ended:Aug 15, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:1,710.0000 UGX = 1 USD



The leader of this small group is Madina Nakayenje. She is currently selling matooke and is requesting a loan to expand her business. Madina is 43 years old; her husband owns a retail shop. She has 6 children ranging from age 6 to 23 and her children go to school. Each week, Madina makes approximately UGX 60000 in profits and with the extra profits from her loan, she hopes to be able to pay school fees for the children Madion has taken a loan from BRAC Uganda before in the amount of UGX 400000 in order to invest in her business, and the loan was paid back on time.

Madion is joined in her small group by Salea Zaituni and Amisi Nanvwa. Salea Zaituni has a restaurant and wants a loan to buy more furniture and food warmers. Amisi Nanvwa is currently selling rice and wants a loan to expand her business.



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

kivan
Houston, TX
United States

Jim
Salt Lake City, UT
United States

Ellen
West Chester, PA
United States

Marlee
Hyndman, PA
United States

Dave
Gig Harbor, WA
United States

Tom
Latham, Australian Capital Territory
Australia

Jessica
Elyria, OH
United States

Martin
Bensalem, PA
United States

Bruce Chou
Oakdale & Los Angeles & San Jose, CA
United States

Noah
Madison, WI
United States

Linda
Torrensville, South Australia
Australia

Ingrid
Ritterhude,
Germany

michael
München,
Germany

Anonymous
Irving, TX
United States

Stefanie
Bozeman, MT
United States

Mary
ridgefield, WA
United States

Sara Waller
Worthing, West Sussex
United Kingdom

Anonymous
Johanneshov,

Mike and Tori
Charlottesville, New York
United States

Kelly
Somerville, NJ
United States

Shivani & Niranjan
Austin, TX
United States

Tom and Judy
Washington, DC
United States

Jenny
Bowral, New South Wales
Australia

Liz
San Francisco, CA
United States

Donna
Reston, VA
United States

Richard
Tualatin, OR
United States

Sharon Shelton
Raleigh, NC
United States

Anonymous

Tonya
Bend, OR
United States

Allen
Harker Heights, TX
United States

Bob
Greenwood Village, CO
United States

Molly
Los Angeles, CA
United States



Journal entries for Marach D(vii) Group


Loan has been disbursed
 
Entrepreneur: Marach D(vii) Group
Location: Busia, Uganda

Thank you for your loan. It has been disbursed to the Marach D(vii) group, consisting of Madina Nakayneie, Salea Zainabu, Amisi Nanvwa 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 11, 2008
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Kiva Help Repayment Schedule for Marach D(vii) Group

  Expected Repayments Actual Repayments Comments
October 2008 $83.33 $84.00 Repayment Received
November 2008 $83.33 $84.00 Repayment Received
December 2008 $83.33 $84.00 Repayment Received
January 2009 $83.33 $81.33 Repayment Received
February 2009 $83.33 $83.33 Repayment Received
March 2009 $83.33 $83.33 Repayment Received
April 2009 $83.33 $83.33 Repayment Received
May 2009 $83.33 $83.33 Repayment Received
June 2009 $83.33 $83.33 Repayment Received
July 2009 $83.33 $83.33 Repayment Received
August 2009 $83.33 $83.33 Repayment Received
September 2009 $83.37 $83.36 Repayment Received