Mpagi, Kyosiga Group


Status: Paid Back

$1,400.00   Loan Request
$1,400.00   Paid Back

About the Group

Group Name: Mpagi, Kyosiga Group
Group Members: Dan Kakooza
Stanley Sempiira
Mary Nabatanzi
Sarah Nantume
Francis Njuuki
Adam Muwanguzi
Suzan Mubiru
Carol Namusisi
Dezzi Nagawa
Godfrey Mpagi
Location: Kayunga, Uganda
Activity: Motorcycle Repair

About the Loan

Loan Amount: $1,400.00
Loan Use: To buy a new motorcycle engine.
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jul 6, 2008
Date Disbursed: Jul 26, 2008
Date Funded:Jul 12, 2008
Loan Ended:Dec 16, 2008

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:1,626.0000 UGX = 1 USD



Mpagi Godfrey, 30, has a "boda boda" (a term used for the motorcycle business in Kayunga). He is married with four children, all in school, and he looks after orphans belonging to his late brother. Godfrey purchased his small "Mate" motorcycle second hand one year ago. It has been giving him a hard time, and now he needs a loan to fix his motorcycle’s engine. His dream is to buy a new and much bigger motorcycle called "TVS" or "Bajaj." He believes that as long as he is still in his lending group, Kyosiga, he will achieve his dream.



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

Buchanan Family
www.kivafriends.org, Ramsey, NJ
United States

Good Dogg
Front Porch, www.kivafriends.org
United States

Micah
San Francisco, CA
United States

Peter
Concord, CA
United States

Anonymous
Boise, ID
United States

Carolyn
Cupertino, CA
United States

Luke
Orange, CA
United States

david
lititz, PA
United States

Joey
Los Angeles, CA
United States

Carol
Gibsons, BC
Canada

Jessica
Calgary, Alberta
Canada

Himavat
New Delhi,
India

Greta Galeazzi
GALEAZZI GRETA, EUROPEAN CITIZEN
Italy

Nana
Monroe, NC
United States

Bairbre
Allentown, PA
United States

Lorna & Critters
Kanata, Ontario
Canada

Roberto
Pino Torinese,
Italy

Wolfgang
KivaFriends.org, Berlin
Germany

Pamoja.org
Vancouver, BC
Canada

Howard & Jillian
Vence,
France

Holli
bellevue, WA
United States

Student
Salinas, CA
United States

Ben & Beth
Bowling Green, KY
United States

Steve and Rita
Franklin, WV
United States

Anonymous
Woodside, CA
United States

Egbert
Palm Coast, FL
United States

Claus-Peter
www.kivafriends.org,
Germany

Laurent D
Brussels,
Belgium

John
Denver, CO
United States

Rich
Sandy Hook, CT
United States

Gigi
cincinnati, OH
United States

Dolphine
Kivafriends.org,
United States

Kate
Encinitas, CA
United States



Journal entries for Mpagi, Kyosiga Group


Loan has been disbursed
 
Entrepreneur: Mpagi, Kyosiga Group
Location: Kayunga, Uganda

Thank you for your loan. It has been disbursed to the Mpagi, Kyosiga group group, consisting of Godfrey Mpagi, Dezzi Nagawa, Carol Namusisi, Suzan Mubiru, Adam Muwanguzi, Francis Njuuki, Sarah Nantume, Mary Nabatanzi, Stanley Sempiira, Dan Kakooza by Pearl Microfinance Limited in Uganda. We are excited to watch this business grow. Over the next 4 months, Pearl Microfinance Limited will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Kayunga, Uganda
Jul 26, 2008
Comments (1)

Journal
 
Entrepreneur: Mpagi, Kyosiga Group
Location: Kayunga, Uganda

Mpagi Godfrey was able to buy his motorcycle engine with the loan given to him from Kiva and now he is able to make some money without much disturbances with constant repairs. In a few years to come, he envisions him self as the owner of more two motorcycles that will be able to bring in more income going by the saying “a bad beginning makes a good ending”.


Posted by Grace Nattoolo from Kayunga, Uganda
Nov 23, 2008
Comments (1)

Kiva Help Repayment Schedule for Mpagi, Kyosiga Group

  Expected Repayments Actual Repayments Comments
October 2008 $350.00 $350.00 Repayment Received
November 2008 $350.00 $350.00 Repayment Received
December 2008 $350.00 $350.00 Repayment Received
January 2009 $350.00 $350.00 Repayment Received