Kireka A2 (vi) Group


Status: Paid Back

$1,125.00   Loan Request
$1,125.00   Paid Back

About the Group

Group Name: Kireka A2 (vi) Group
Group Members: Tatu Nantongo
Florence Namatovu
Suzan Nanono
Jalia Namala
Rehema Namuyomba
Location: Kireka, Uganda
Activity: Grocery Store

About the Loan

Loan Amount: $1,125.00
Loan Use: To add stock in the canteen and boost it
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:1,705.0000 UGX = 1 USD



The leader of this small group is Rehema Namuyomba. She has a canteen business and is requesting a loan to add more stock. Rehema is 36 years old and is married. She has 3 children ranging in age from 9 to 13, and her children go to school. Each week, Rehema makes approximately UGX 30000 (~ $18 USD) in profits and, with the extra profits from her loan, she hopes to be able to save for her children’s' education.

Rehema has taken a loan from BRAC Uganda before, in the amount of UGX 200000 (~ $116 USD), to invest in her business, and she paid the loan back on time.



Rehema is joined in her small group by Jalia Namala, Suzan Nanono, Florence Namatovu, and Tatu Nantongo. Jalia Namala has a business selling raw food and wants to expand her food business. Suzan Nanono sells matooke (plantain bananas) and wants a loan to expand her business. Florence Namatovu operates a retail shop and wants to buy more items for her shop. Tatu Nantongo sells arts and crafts and is requesting a loan to add to her craft 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

Subscribe

Lenders to this group

Gabriele
wien,
Austria

Speakers' Spotlight
Toronto, Ontario
Canada

Keith Tanja & Kiera
Toronto, Ontario
Canada

Ellen
West Chester, PA
United States

Ann
Bundaberg South, Queensland
Australia

AMY LEAH
Seminole, FL
United States

Larry
Beaverton, OR
United States

David
San Francisco, CA
United States

Jeff and Lynn
Rosebud South, Victoria
Australia

Cathy
Grayling, MI
United States

Emily's Family
Santa Barbara, CA
United States

Carol
Sturgeon, MO
United States

Seema & Shantanu
Sterling, VA
United States

Lisa
Tulsa, OK
United States



Journal entries for Kireka A2 (vi) Group


Loan has been disbursed
 
Entrepreneur: Kireka A2 (vi) Group
Location: Kireka, Uganda

Thank you for your loan. It has been disbursed to the Kireka A2 (vi) group, consisting of Rehema Namuyomba, Jalia Namala, Suzan Nanono, Florence Namatovu, Tatu Nantongo 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
Jul 12, 2008
Comment on this entry

Kiva Help Repayment Schedule for Kireka A2 (vi) Group

  Expected Repayments Actual Repayments Comments
October 2008 $93.75 $94.00 Repayment Received
November 2008 $93.75 $94.00 Repayment Received
December 2008 $93.75 $94.00 Repayment Received
January 2009 $93.75 $93.00 Repayment Received
February 2009 $93.75 $93.75 Repayment Received
March 2009 $93.75 $93.75 Repayment Received
April 2009 $93.75 $93.75 Repayment Received
May 2009 $93.75 $93.75 Repayment Received
June 2009 $93.75 $93.74 Repayment Received
July 2009 $93.75 $93.75 Repayment Received
August 2009 $93.75 $93.75 Repayment Received
September 2009 $93.75 $93.76 Repayment Received