Butasingwa, Zibula Atudde Group


Status: Paid Back

$1,875.00   Loan Request
$1,875.00   Paid Back

About the Group

Group Name: Butasingwa, Zibula Atudde Group
Group Members: Fred Lukomwa
Sam Kilyayi
Dedasi Kazungu
Alice Nakyeyune
Sam Musisi
Jane Nanyonjo
Wilson Lubwama
Regina Musoke
Betty Butasingwa
Location: Mukono, Uganda
Activity: Shoe Sales

About the Loan

Loan Amount: $1,875.00
Loan Use: Betty Butasingwa needs a loan to help her buy more shoes to sell and more material for her tailoring business.
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Oct 1, 2008
Date Disbursed: Oct 16, 2008
Date Funded:Oct 2, 2008
Loan Ended:Mar 16, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:1,639.9600 UGX = 1 USD



Betty Butasingwa is the leader of her group in the Zibula atudde women's group of Kyetume. She is married and her 6 children are all still in school. The main challenge she has is paying their school fees, and that is why she joined her lending group.


Betty is a businesswoman who sells shoes of all kinds from the Kyetume Central market and from home. She has also been a tailor for 6 years, a duty she still performs from her home; she deals mainly in women's and children's clothes. She also keeps cows and pigs, which has helped her in times of need--she would sell a pig and milk to supplement her savings to pay school fees or invest in her businesses. Betty needs a loan to help her buy more shoes to sell and more material for her tailoring business.



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 Butasingwa, Zibula Atudde Group


Loan has been disbursed
 
Entrepreneur: Butasingwa, Zibula Atudde Group
Location: Mukono, Uganda

Thank you for your loan. It has been disbursed to the Butasingwa, Zibula Atudde group group, consisting of Betty Butasingwa, Regina Musoke, Wilson Lubwama, Jane Nanyonjo, Sam Musisi, Alice Nakyeyune, Dedasi Kazungu, Sam Kilyayi, Fred Lukomwa 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 Mukono, Uganda
Oct 16, 2008
Comment on this entry

Journal
 
Entrepreneur: Butasingwa, Zibula Atudde Group
Location: Mukono, Uganda

Being a multi business lady has helped Betty Butasingwa in managing her loans amicably. She says that whenever she gets a loan, she ensures that each one of her businesses enjoys the delicacy hence from each business, she ensures that the loan is repaid and not from the capital but from part of the profits made, and the balance is used to run her family, general well being and future developments. She is happy that she was able to attain the cows and six pigs that she has from her profits and savings out of her mother shoe selling business.


Posted by Grace Nattoolo from Mukono, Uganda
Mar 13, 2009
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Journal
 
Entrepreneur: Butasingwa, Zibula Atudde Group
Location: Mukono, Uganda

Butasingwa Betty is the leader of Zibula atudde women's group of Kyetume. She is a hard working lady with a business of selling used shoes of all kinds that she buys from Owino and Kisekka market areas in Kampala and sells from her home area in Kyetume Central market. She is married and her 6 children are all still in school, and this is why she works so hard to clear their school fees on time every term. She is also a tailor for 6 years, and she does both duties co currently; hence making double profits in addition to the cows and pigs that she also keeps at her home. She has planned to sell 2 pigs to cater for her children’s school fees and the loan will help to buy more shoes and school uniform materials for tailoring. She is so grateful that people are helping her and the rest of the members with loans.


Posted by Grace Nattoolo from Mukono, Uganda
May 21, 2009
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Kiva Help Repayment Schedule for Butasingwa, Zibula Atudde Group

  Expected Repayments Actual Repayments Comments
January 2009 $468.75 $468.75 Repayment Received
February 2009 $468.75 $468.75 Repayment Received
March 2009 $468.75 $468.75 Repayment Received
April 2009 $468.75 $468.75 Repayment Received