Lake J A Group


Status: Paid Back

$1,125.00   Loan Request
$1,125.00   Paid Back

About the Group

Group Name: Lake J A Group
Group Members: Kevina Nakato
Harriet Namugabo
Betty Mutagaya
Location: Bugembe, Uganda
Activity: Poultry

About the Loan

Loan Amount: $1,125.00
Loan Use: To increase poultry inventory
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Aug 5, 2008
Date Disbursed: Aug 21, 2008
Date Funded:Aug 7, 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 Betty Mutagaya. She is currently in the business of poultry rearing and is requesting a loan to improve her poultry house and purchase more poultry. Betty is 48 years old and is married. She has 4 children ranging from ages 18 to 28 and her children go to school. Each week, Betty makes approximately UGX 200000 in profits and with the extra profits from her loan, she hopes to be able to purchase poultry feed. Betty has taken a loan from BRAC Uganda before in the amount of UGX 400000 in order to add to her poultry business and the loan was paid back on time.

Betty is joined in her small group by Harriet Namugabo and Kevin Nakato. Harriet Namugabo has a business selling used clothes and wants to change his business to sell new clothes. Kevin Nakato is currently operating a restaurant business and wants a loan to purchase a 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

Jim and Nancy
Manakin, VA
United States

Gary & Val
British Columbia
Canada

steven
Brüggen,
Germany

Peter
Omaha, NE
United States

Annie
Leitrim,,
Ireland

Jim
Chicago, IL
United States

Rhonda
Southfield, MI
United States

John
Lafayette, CA
United States

Kym
Mississauga, Ontario
Canada

Stefan
Berlin,
Germany

Hendrik
Voerde,
Germany

Anthony
Calgary, Alberta
Canada

Matthew & Jeanie
Platte City, MO
United States

Anonymous
Innisfail, Alberta
Canada

Fay and Richard
West Sayville, NY
United States

Rich
Small Business, New South Wales
Australia

Marcus
Cedarpines Park, CA
United States

Peg

Sylvia
Scottsdale, AZ
United States

Anonymous
rexburg, ID
United States

Nicola and David
Williams Lake Rural, British Columbia
Canada

Zack Reuter
Grand Junction, CO
United States

constance
titusville, NJ
United States

John
Friday Harbor, WA
United States



Journal entries for Lake J A Group


Loan has been disbursed
 
Entrepreneur: Lake J A Group
Location: Bugembe, Uganda

Thank you for your loan. It has been disbursed to the Lake J a group, consisting of Betty Mutagaya, Harriet Namugabo, Kevina Nakato 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 22, 2008
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Kiva Help Repayment Schedule for Lake J A Group

  Expected Repayments Actual Repayments Comments
November 2008 $93.75 $94.00 Repayment Received
December 2008 $93.75 $94.00 Repayment Received
January 2009 $93.75 $93.25 Repayment Received
February 2009 $93.75 $93.75 Repayment Received
March 2009 $93.75 $93.75 Repayment Received
April 2009 $93.75 $93.75 Repayment Received
May 2009 $93.75 $93.75 Repayment Received
June 2009 $93.75 $93.74 Repayment Received
July 2009 $93.75 $93.75 Repayment Received
August 2009 $93.75 $93.75 Repayment Received
September 2009 $93.75 $93.76 Repayment Received
October 2009 $93.75 $93.75 Repayment Received