Kiyinki B1 South E Group


Status: Paid Back

$1,375.00   Loan Request
$1,375.00   Paid Back

About the Group

Group Name: Kiyinki B1 South E Group
Group Members: Hadija Nakiranda
Louisa Nabukenya
Suaya Namusoke
Nuru Namaganda
Aisha Kiconco
Location: Bugiri, Uganda
Activity: Restaurant

About the Loan

Loan Amount: $1,375.00
Loan Use: To purchase more equipment and improve services
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jul 29, 2008
Date Disbursed: Sep 6, 2008
Date Funded:Aug 23, 2008
Loan Ended:Oct 15, 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 Aisha Kiconco. She is currently in the business of running a restaurant and is requesting a loan to add more furniture. Aisha is 39 years old and is a widow. She has 4 children ranging from age 12 to 20 and her children go to school. Each week, Aisha makes approximately UGX 50000 in profits and with the extra profits from her loan, she hopes to be able to buy building materials and also cater for her home. Aisha 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.

Aisha is joined in her small group by Nuru Namaganda, Suaya Namusoke, Louisa Nabukenya, and Hadija Nakiranda. Nuru Namaganda has a business selling matooke and wants to purchase in bulk. Suaya Namusoke is currently operating a restaurant business and wants a loan to buy more utensils, raw food and ingredients. Louisa Nabukenya operates a business selling clothes and wants to start a business selling shoes. Hadija Nakiranda is currently in the business of running a beauty salon and is requesting a loan to purchase a hair dryer and steamer.



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 Kiyinki B1 South E Group


Loan has been disbursed
 
Entrepreneur: Kiyinki B1 South E Group
Location: Bugiri, Uganda

Thank you for your loan. It has been disbursed to the Kiyinki B1 south e group, consisting of Aisha Kiconco, Nuru Namaganda, Suaya Namusoke, Louisa Nabukenya, Hadija Nakiranda 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
Sep 6, 2008
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Kiva Help Repayment Schedule for Kiyinki B1 South E Group

  Expected Repayments Actual Repayments Comments
December 2008 $114.58 $115.00 Repayment Received
January 2009 $114.58 $114.17 Repayment Received
February 2009 $114.58 $114.58 Repayment Received
March 2009 $114.58 $114.58 Repayment Received
April 2009 $114.58 $114.58 Repayment Received
May 2009 $114.58 $114.58 Repayment Received
June 2009 $114.58 $114.58 Repayment Received
July 2009 $114.58 $114.58 Repayment Received
August 2009 $114.58 $114.58 Repayment Received
September 2009 $114.58 $114.57 Repayment Received
October 2009 $114.58 $114.58 Repayment Received
November 2009 $114.62 $114.62 Repayment Received