Kavule Effort Lending Group
Status: Paid Back
| $4,400.00 | Loan Request | |
|---|---|---|
| $4,400.00 | Paid Back |
About the Group
| Group Name: | Kavule Effort Lending Group |
|---|---|
| Group Members: |
Irene Lubega Faridah Naikesa Josephine Nakibuuka Abu Nyanzi Teddy Ndagire Harriet Kyeswa Juliet Kayenje Betty Nakisali Yudaya Nakibuule Oliver Lutaaya Juliet Namutebi |
| Location: | Mukono, Uganda |
| Activity: | Medical Clinic |
About the Loan
| Loan Amount: | $4,400.00 |
|---|---|
| Loan Use: | Juliet would buy more medicine for her drug shop and pay her children's school fees with her part of this group loan. |
| Repayment Term: | 6 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Jun 2, 2008 |
| Date Disbursed: | Jun 16, 2008 |
| Date Funded: | Jun 2, 2008 |
| Loan Ended: | Oct 18, 2008 |
About the Field Partner
About the Field Partner
|
|
| Field Partner: | Pearl Microfinance Limited |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 26 months |
| Kiva Entrepreneurs: | 10683 |
| Total Loans: | $2,885,625 |
| Delinquency Rate: | 0.00% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Uganda |
|---|---|
| Avg Annual Income: | $1,700.00 |
| Currency: | Uganda Shillings (UGX) |
| Exchange Rate: | 1,683.0000 UGX = 1 USD |
For 15 years, Juliet Namutebi has had a drug shop in Kavule, Mukono district. She is married with four children and also cares for two orphans, all of whom are in school. She is one of the founding members and the chairperson of the Kavule Effort Lending group. She has never regretted the decision she took to join. When asked about her plan for the loan, she says she is going to buy more medicine for her drug shop and use a quarter of it to pay school fees for all her children. Her clients are come-and-go patients. She is so grateful for the loans but above all for her husband for allowing her to be a part of her group for such a long time.
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 Kavule Effort Lending Group
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Loan has been disbursed
Location: Mukono, Uganda
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Posted by
from Mukono, Uganda
Jun 17, 2008 |
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Comments (4)
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Journal
Location: Mukono, Uganda
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Posted by
Grace Nattoolo from Mukono, Uganda
Aug 27, 2008 |
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Comments (3)
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Repayment Schedule for Kavule Effort Lending Group
Repayment Schedule for Kavule Effort Lending Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| September 2008 | $1,100.00 | $1,100.00 |  Repayment Received
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| October 2008 | $1,100.00 | $1,100.00 | Repayment Received
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| November 2008 | $1,100.00 | $1,100.00 | Repayment Received
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| December 2008 | $1,100.00 | $1,100.00 | Repayment Received
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