Veronica's Umoja Group
Status: Paid Back
| $275.00 | Loan Request | |
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| $275.00 | Paid Back |
About the Group
| Group Name: | Veronica's Umoja Group |
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| Group Members: |
Edita Lucas Veronica Joseph |
| Location: | Dar Es Salaam, Tanzania |
| Activity: | Food Production/Sales |
About the Loan
| Loan Amount: | $275.00 |
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| Loan Use: | To buy more food items for her business. |
| Repayment Term: | 12 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Mar 9, 2008 |
| Date Disbursed: | Mar 23, 2008 |
| Date Funded: | Mar 9, 2008 |
| Loan Ended: | Mar 8, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | BRAC Tanzania |
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| Field Partner Risk Rating: | |
| Fundraising Status: | Paused |
| Time On Kiva: | 23 months |
| Kiva Entrepreneurs: | 7176 |
| Total Loans: | $1,392,625 |
| Delinquency Rate: | 46.77% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Tanzania |
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| Avg Annual Income: | $723.00 |
| Currency: | Tanzania Shillings (TZS) |
| Exchange Rate: | 1,165.1500 TZS = 1 USD |
Veronica now hopes for a loan to buy more food items for her business. She will share this loan with her subgroup member, Edita, who has a business selling clothes (a "batique").
This is a group loan. The loan funds will be distributed among the group members, each of whom will invest in her own business. The members mutually guarantee one another's loans. If one member does not repay, the other members are responsible.
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 Veronica's Umoja Group
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Loan has been disbursed
Location: Dar Es Salaam, Tanzania
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Posted by
from Dar Es Salaam, Tanzania
Mar 23, 2008 |
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Comment on this entry
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Repayment Schedule for Veronica's Umoja Group
Repayment Schedule for Veronica's Umoja Group
| Expected Repayments | Actual Repayments | Comments | |||
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| June 2008 | $27.50 | $28.00 |  Repayment Received
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| July 2008 | $27.50 | $28.00 | Repayment Received
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| August 2008 | $27.50 | $28.00 | Repayment Received
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| September 2008 | $27.50 | $28.00 | Repayment Received
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| October 2008 | $27.50 | $28.00 | Repayment Received
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| November 2008 | $27.50 | $28.00 | Repayment Received
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| December 2008 | $27.50 | $25.00 | Repayment Received
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| January 2009 | $27.50 | $27.00 | Repayment Received
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| February 2009 | $27.50 | $27.50 | Repayment Received
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| March 2009 | $27.50 | $27.50 | Repayment Received
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