Nulu Nakakande’s Group

Status: Paid Back

$950.00		Loan Request
$950.00		Paid Back

About the Group

Group Name:	Nulu Nakakande’s Group
Group Members:	Jacent Nabakooza Sauda Nabakabya Aida Kyambadde Nulu Nakakande
Location:	Kampala, Uganda
Activity:	Fish Selling

About the Loan

Loan Amount:	$950.00
Loan Use:	To buy more fish
Repayment Term:	8 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Jul 6, 2008
Date Disbursed:	Jul 24, 2008
Date Funded:	Jul 10, 2008
Loan Ended:	Feb 24, 2009

About the Field Partner

Field Partner:

Micro Credit for Development and Transformation SACCO (MCDT SACCO)

Field Partner Risk Rating:

(Learn more)

Pilot

20 months

2127

$477,225

0.00%

0.00%

Currency Exchange Loss Rate:

0.00%

About the Country

Country:	Uganda
Avg Annual Income:	$1,700.00
Currency:	Uganda Shillings (UGX)
Exchange Rate:	1,614.0000 UGX = 1 USD

Nulu Nakakande is a 42-year-old married mother of four children, ranging in age from 21 years to 10 months old. She sells mukene (siver fish), a small fish sold by the scoopful and used to provide relatively inexpensive protein for meals. Twice a week, she travels by truck from Kampala to Entebbe, about an hour drive away, to buy mukene from the market, leaving at 4:00 a.m. She buys 8 large sacks at a time at 80,000/= each (Ugandan shillings, about $48 US), and brings them back to sell at the local market in smaller amounts. Each sack nets a profit of about 20,000/= (about $12).

Nulu and her group have previously received 8 loans from MCDT. With this loan, Nulu would like to add inventory for her business. The loan will also help her to pay school fees for her two middle children.

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

Lenders to this group

Romain
Paris,
France

David
Pacific Palisades, CA
United States

Anonymous
Boston, MA
United States

Russell
Toronto, Ontario
Canada

Anonymous
Rockledge, FL
United States

Doug
Portland, OR
United States

Saleh
Amsterdam,
Netherlands

David
Toronto, Ontario
Canada

Em & Marcin
Boulder, CO
United States

Roberta
San Diego, CA
United States

Gordon
Winamac, IN
United States

Anonymous

Daghild
3057 Solbergelva,

Jill
Saskatoon, Saskatchewan
Canada

JoAnne
Deerfield, IL
United States

Katherina (Tina)
Vancouver, British Columbia
Canada

Rob W
San Francisco, California
United States

Yong-Long Lai
Perth, WA
Australia

Lawrence
Seattle, WA
United States

Satish
Atlanta, GA
United States

Joanne
Berkeley, CA
United States

MaryJane
seattle, WA
United States

akring
Stuttgart,
Germany

Harry van Schaik
Barneveld, Gelderland
Netherlands

Don & Joanne
LaConner, WA
United States

Anonymous
Redwood City, CA
United States

Matthew and Shannon
Ingersoll, Ontario
Canada

Stefano
Miami, FL
United States

Millicent
Dallas, TX
United States

Sarah
Cookstown, Ontario
Canada

Journal entries for Nulu Nakakande’s Group

Loan has been disbursed Entrepreneur: Nulu Nakakande’s Group Location: Kampala, Uganda Thank you for your loan. It has been disbursed to the Nulu Nakakande’s Group group, consisting of Nulu Nakakande, Aida Kyambadde, Sauda Nabakabya, Jacent Nabakooza by Micro Credit Development Trust SACCO (MCDT) in Uganda. We are excited to watch this business grow. Over the next 6 months, Micro Credit Development Trust SACCO (MCDT) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by from Kampala, Uganda Jul 24, 2008
Comment on this entry

JOURNAL Entrepreneur: Nulu Nakakande’s Group Location: Kampala, Uganda On a recent visit to Nulu business by the flied officer found her business doing well, Nulu who deal fish used the loan she received from MCDT to increase her stock She also used part of it to purchase working Assets The only problem she faces while carrying out her business is that most times she finds it difficult to find transport from the lake side to the market where she does her business Nulu chose this type of business because she makes enough profits out of it. Since receiving the loan from MCDT Nulu has managed to expand on her business she has also got more customers since she now stocks enough fish she is also able to make some savings. Nulu has been able to take her children to school she is also able to meet the basic needs of her family. Nulu plans to buy a motor cycle to easy on her transportation and also make business out of it. Nulu wants to educate all her three children up to university level.
Posted by Olivia Kayongo from Kampala, Uganda Feb 9, 2009
Comment on this entry

Repayment Schedule for Nulu Nakakande’s Group

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	Expected Repayments	Actual Repayments	Comments
October 2008	$158.33	$159.00	Repayment Received
November 2008	$158.33	$159.00	Repayment Received
December 2008	$158.33	$157.00	Repayment Received
January 2009	$158.33	$158.33	Repayment Received
February 2009	$158.33	$158.33	Repayment Received
March 2009	$158.35	$158.34	Repayment Received