Wanyange Lake K D Group


Status: Paid Back

$950.00   Loan Request
$950.00   Paid Back

About the Group

Group Name: Wanyange Lake K D Group
Group Members: Muselina Mukinaku
Robina Takuwa
Ester Namulawa
Miriam Nalongo
Location: Bugembe, Uganda
Activity: Food Market

About the Loan

Loan Amount: $950.00
Loan Use: To add to raw food business
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Aug 5, 2008
Date Disbursed: Aug 20, 2008
Date Funded:Aug 6, 2008
Loan Ended:Sep 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 Miriam Nalongo. She is currently in the business of selling raw food and is requesting a loan to purchase a bicycle to transport the food from the villages to her stall. Miriam is 31 years old and is married with a husband who is an egg supplier for work. She has 6 children ranging from ages 4 to 16 and her children go to school. Each week, Miriam makes approximately UGX 45000 in profits and with the extra profits from her loan, she hopes to be able to pay the school fees for her children. Miriam has taken a loan from BRAC Uganda before in the amount of UGX 350000 in order to buy more raw food and the loan was paid back on time.

Miriam is joined in her small group by Ester Namulawa, Robina Takuwa and Muselina Mukinaku. Ester Namulawa has a business selling raw food and wants to rent bigger business premises. Robina Takuwa is currently operating a grocery store business and wants a loan to purchase more groceries. Muselina Mukinaku operates a charcoal and scrap selling business and wants to buy more scrap to sell.



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


Subscribe

Lenders to this group

Anonymous
Denver, CO
United States

Vital Imagery Ltd.
Brussels, Ontario
Canada

Brian
New Malden, Surrey
United Kingdom

Kelly
Stayton, OR
United States

Team H
Roland, IA
United States

Sarah
Ottawa, Ontario
Canada

Barbara
Las Cruces, NM
United States

Jane
Portland, OR
United States

Anonymous
Islip, NY
United States

Arleen
Nashville, TN
United States

Dustin
Lino Lakes, MN
United States

John
Saint Louis, MO
United States

Leah
London, Ontario
Canada

Anna
Somerville, MA
United States

Don
Wheat Ridge, CO
United States

Diane & Stephen
Bakersfield, CA
United States

Ned

Dave
Antelope, CA
United States

Bill and Paula
Tucson, AZ
United States

Ricky Ignatius
San Bruno, CA
United States

Anonymous
Washington, DC
United States

Andrew
Paracombe, South Australia
Australia

TERESA
MISSISSAUGA, Ontario
Canada

Anonymous

Patrick
Livermore, CA
United States

anne
Bogangar, New South Wales
Australia

Terry & Denise
San Antonio, TX
United States



Journal entries for Wanyange Lake K D Group


Loan has been disbursed
 
Entrepreneur: Wanyange Lake K D Group
Location: Bugembe, Uganda

Thank you for your loan. It has been disbursed to the wanyange lake k d group, consisting of Miriam Nalongo, Ester Namulawa, Robina Takuwa, Muselina Mukinaku 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
Aug 20, 2008
Comment on this entry

Kiva Help Repayment Schedule for Wanyange Lake K D Group

  Expected Repayments Actual Repayments Comments
November 2008 $79.17 $80.00 Repayment Received
December 2008 $79.17 $80.00 Repayment Received
January 2009 $79.17 $77.50 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 $79.13 $79.13 Repayment Received