Budumuli East C B Group


Status: Paid Back

$1,025.00   Loan Request
$1,025.00   Paid Back

About the Group

Group Name: Budumuli East C B Group
Group Members: Cissy Mukyala
Jamawa Nakagola
Aminah Namuwaya
Rose Lubale
Location: Bugembe, Uganda
Activity: Pub

About the Loan

Loan Amount: $1,025.00
Loan Use: To expand bar business
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 Cissy Mukyala. She is currently in the business of running a bar and is requesting a loan to open up another bar in a different location. Cissy is 42 years old and is married with a husband who is a teacher for work. She has 5 children ranging from age 6 to 18 and her children go to school. Each week, Cissy makes approximately UGX 100000 in profits and with the extra profits from her loan, she hopes to be able to save for future use. Cissy has taken a loan from BRAC Uganda before in the amount of UGX 300000 in order to add more stock to her bar and the loan was paid back on time. Cissy is joined in her small group by Jamawa Nakagola, Aminah Namuwaya and Rose Lubale . Jamawa Nakagola has a business selling produce and wants to purchase more sacks of produce. Aminah Namuwaya is currently operating a business selling millet and wants a loan to start a video recording business. Rose Lubale sells millet and wants to boost business with the loan.



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 Budumuli East C B Group


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

Thank you for your loan. It has been disbursed to the Budumuli East C b group, consisting of Cissy Mukyala, Jamawa Nakagola, Aminah Namuwaya, Rose Lubale 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 B Group

  Expected Repayments Actual Repayments Comments
December 2008 $85.42 $86.00 Repayment Received
January 2009 $85.42 $84.83 Repayment Received
February 2009 $85.42 $85.42 Repayment Received
March 2009 $85.42 $85.42 Repayment Received
April 2009 $85.42 $85.42 Repayment Received
May 2009 $85.42 $85.42 Repayment Received
June 2009 $85.42 $85.41 Repayment Received
July 2009 $85.42 $85.42 Repayment Received
August 2009 $85.42 $85.42 Repayment Received
September 2009 $85.42 $85.44 Repayment Received
October 2009 $85.42 $85.42 Repayment Received
November 2009 $85.38 $85.38 Repayment Received