Budumuli East C A Group


Status: Paid Back

$800.00   Loan Request
$800.00   Paid Back

About the Group

Group Name: Budumuli East C A Group
Group Members: Safina Kagoyesa
Juliet Naigaga
Fauza Babirye
Sarah Nalongo
Location: Bugembe, Uganda
Activity: Charcoal Sales

About the Loan

Loan Amount: $800.00
Loan Use: To increase charcoal purchases
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Aug 2, 2008
Date Disbursed: Sep 12, 2008
Date Funded:Aug 29, 2008
Loan Ended:Oct 15, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:1,708.0000 UGX = 1 USD



The group leader of this small group is Sarah Nalongo. She is currently in the business of selling charcoal and is requesting a loan to stock more charcoal. Sarah is 30 years old and is married. She has 4 children ranging from age 5 to 12 and her children go to school. Each week, Sarah makes approximately UGX 70000 in profits and with the extra profits from her loan, she hopes to be able to purchase more charcoal. Sarah has taken a loan from BRAC Uganda before in the amount of UGX 100000 in order to invest in her business and the loan was paid back on time.

Sarah is joined in her small group by Fauza Babirye, Juliet Naigaga and Safina Kagoyesa. Fauza Babirye has a business in used clothing sales and wants to expand business. Juliet Naigaga is currently operating a business in tailoring and wants a loan to buy more cloth fabric. Safina Kagoyesa operates a salon business and wants to add more equipment.



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

Adrian
norwich, Norfolk
United Kingdom

Gregory Ball
Le Pecq, Yvellines
France

Juggling Frogs
Brighton, MA
United States

Daniel
Chapel Hill, NC
United States

Sharon
Newark, DE
United States

Christopher
London,
United Kingdom

Vanessa
Bay Area, CA
United States

Evan
Lubbock, Texas
United States

Palmer Family
Sydney, NSW
Australia

Lewis
San Jose, CA
United States

Mazy Gray
Mountain View, CA
United States

Jenny
South Saint Paul, MN
United States

Vicki
Milpitas, CA
United States

Jordi
Cambridge, Ontario
Canada

Jeremy and Kedra
Provo, UT
United States

Rebecca
lexington, MA
United States

Rebecca
Carrboro, NC
United States

Vijay
Muscat, MCT
Oman

3B-EDITIONS
DIJON,
France

Jim & Jackie
Seattle, WA
United States

Anne, Brian Raf & Phoebe
Lyndoch, South Australia
Australia

Amsterdam Escape
Amsterdam, Noord-Holland
Netherlands



Journal entries for Budumuli East C A Group


Loan has been disbursed
 
Entrepreneur: Budumuli East C A Group
Location: Bugembe, Uganda

Thank you for your loan. It has been disbursed to the Budumuli East C a group, consisting of Sarah Nalongo, Fauza Babirye, Juliet Naigaga, Safina Kagoyesa 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 Bugembe, Uganda
Sep 12, 2008
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Kiva Help Repayment Schedule for Budumuli East C A Group

  Expected Repayments Actual Repayments Comments
December 2008 $66.67 $67.00 Repayment Received
January 2009 $66.67 $66.33 Repayment Received
February 2009 $66.67 $66.67 Repayment Received
March 2009 $66.67 $66.67 Repayment Received
April 2009 $66.67 $66.67 Repayment Received
May 2009 $66.67 $66.67 Repayment Received
June 2009 $66.67 $66.66 Repayment Received
July 2009 $66.67 $66.67 Repayment Received
August 2009 $66.67 $66.67 Repayment Received
September 2009 $66.67 $66.69 Repayment Received
October 2009 $66.67 $66.67 Repayment Received
November 2009 $66.63 $66.63 Repayment Received