Lwaba East A Group


Status: Paid Back

$950.00   Loan Request
$950.00   Paid Back

About the Group

Group Name: Lwaba East A Group
Group Members: Fatuma Namukose
Samusa Nabanja
Aisha Namusobya
Zaituni Nabirye
Nusula Namuwaya
Location: Bugiri, Uganda
Activity: Restaurant

About the Loan

Loan Amount: $950.00
Loan Use: To add more capital to restaurant business
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Aug 3, 2008
Date Disbursed: Sep 7, 2008
Date Funded:Aug 24, 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 Nusula Namuwaya. She is currently in the business of running a restaurant and is requesting a loan to add more equipment. Nusula is 42 years old and is married. She has 3 children ranging from age 11 to 22 and her children go to school. Each week, Nusula makes approximately UGX 40000 in profits and with the extra profits from her loan, she hopes to be able to buy cattle. Nusula has taken a loan from BRAC Uganda before in the amount of UGX 200000 in order to add to her business and the loan was paid back on time.

Nusula is joined in her small group by Zaituni Nabirye, Aisha Namusobya, Samusa Nabanja, and Fatuma Namukose. Zaituni Nabirye has a business running a retail shop and wants to boost business. Aisha Namusobya is currently operating a retail shop business and wants a loan to add more stock. Samusa Nabanja operates a business selling maize and wants to purchase more maize in bulk. Fatuma Namukose is currently in the business of running a retail shop and is requesting a loan to purchase another fridge.



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

jane
Indianapolis, IN
United States

Jeanne
Covina (Los Angeles area), California
United States

Barbara
Las Vegas, NV
United States

sue
orting, WA
United States

Ben
Miami, FL
United States

Michael
Charlottesville, VA
United States

ethan g.
culver city, CA
United States

AMIRALI
DALLAS, TEXAS
United States

David Adrian
Toronto, Ontario
Canada

Vicki
Scottsdale, AZ
United States

David
Littleton, CO
United States

Fonda
Chelmsford, MA
United States

John
Grand Rapids, MI
United States

Bridget
Nanaimo, British Columbia
Canada

Elizabeth
San Francisco, CA
United States

Coupongood.org
San Francisco, CA
United States

Jen
Kingston, PA
United States

Harvard Bus. Sch. 08SecE
Cambridge, MA
United States



Journal entries for Lwaba East A Group


Loan has been disbursed
 
Entrepreneur: Lwaba East A Group
Location: Bugiri, Uganda

Thank you for your loan. It has been disbursed to the Lwaba East a group, consisting of Nusula Namuwaya, Zaituni Nabirye, Aisha Namusobya, Samusa Nabanja, Fatuma Namukose 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 8, 2008
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Kiva Help Repayment Schedule for Lwaba East A Group

  Expected Repayments Actual Repayments Comments
December 2008 $79.17 $80.00 Repayment Received
January 2009 $79.17 $78.33 Repayment Received
February 2009 $79.17 $79.17 Repayment Received
March 2009 $79.17 $79.17 Repayment Received
April 2009 $79.17 $79.17 Repayment Received
May 2009 $79.17 $79.17 Repayment Received
June 2009 $79.17 $79.16 Repayment Received
July 2009 $79.17 $79.17 Repayment Received
August 2009 $79.17 $79.17 Repayment Received
September 2009 $79.17 $79.19 Repayment Received
October 2009 $79.17 $79.17 Repayment Received
November 2009 $79.13 $79.13 Repayment Received