Munakukama B Group


Status: Paid Back

$1,100.00   Loan Request
$1,100.00   Paid Back

About the Group

Group Name: Munakukama B Group
Group Members: Okello Kyaterekera
Mawazi Nabirye
Hawa Musubika
Beatrice Byeri
Babirye Mukuba
Location: Bugiri, Uganda
Activity: Food Production/Sales

About the Loan

Loan Amount: $1,100.00
Loan Use: To expand maize selling business and increase profits
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Mar 12, 2008
Date Disbursed: Mar 26, 2008
Date Funded:Mar 12, 2008
Loan Ended:May 9, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:1,691.0050 UGX = 1 USD



The group leader of this small group is Babirye Mukuba. She is currently in the business of selling maize and is requesting a loan to add to her business. Babirye is 47 years old and is a widow. She has 7 children ranging from age 5 to 20 and her children go to school. Each week, Babirye makes approximately UGX 10000 in profits and with the extra profits from her loan, she hopes to be able to educate her children and cater for her family. Babirye has taken a loan from BRAC Uganda before in the amount of UGX 300000 in order to invest in her business and the loan was paid back on time.

Babirye is joined in her small group by Beatrice Byeri, Okello Kyaterekera, Mawazi Nabirye, and Hawa Musubika. Beatrice Byeri has a business selling fish and tomatoes and wants to expand her fish business. Okello Kyaterekera is currently operating a drug shop business and wants a loan to add more stock. Mawazi Nabirye operates a business in tailoring and wants to purchase more cloth fabric. Hawa Musubika is currently in the business of running a beauty salon and is requesting a loan to purchase more hair chemicals.



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

Eric
Pacifica, CA
United States

PHILIPPE
LONDON, London
United Kingdom

Anonymous
Brooklyn, NY
United States

Jane
Long Beach, CA
United States

Nancy
Saint Louis, MO
United States

Elise
Waterford, MI
United States

Kim
Anchorage, AK
United States

Luly
SAN FRANCISCO, CA
United States

Rob

Priscilla Dyer
New York, NY
United States

Sébastien Straulino
Paris,
France

Kathy
Marblehead, MA
United States

Christian
Mannheim, BaWü
Germany

Bryn
Ledbury, Herefordshire
United Kingdom



Journal entries for Munakukama B Group


Loan has been disbursed
 
Entrepreneur: Munakukama B Group
Location: Bugiri, Uganda

Thank you for your loan. It has been disbursed to the munakukama b group, consisting of Babirye Mukuba, Beatrice Byeri, Hawa Musubika, Mawazi Nabirye, Okello Kyaterekera 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 Bugiri, Uganda
Mar 27, 2008
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Kiva Help Repayment Schedule for Munakukama B Group

  Expected Repayments Actual Repayments Comments
June 2008 $91.67 $92.00 Repayment Received
July 2008 $91.67 $92.00 Repayment Received
August 2008 $91.67 $92.00 Repayment Received
September 2008 $91.67 $92.00 Repayment Received
October 2008 $91.67 $92.00 Repayment Received
November 2008 $91.67 $92.00 Repayment Received
December 2008 $91.67 $0.00 Repayment Received
January 2009 $91.67 $181.33 Repayment Received
February 2009 $91.67 $91.67 Repayment Received
March 2009 $91.67 $91.67 Repayment Received
April 2009 $91.67 $91.67 Repayment Received
May 2009 $91.63 $91.66 Repayment Received