Mary Nambalirwa's Group
Status: Paid Back
| $1,225.00 | Loan Request | |
|---|---|---|
| $1,225.00 | Paid Back |
About the Group
| Group Name: | Mary Nambalirwa's Group |
|---|---|
| Group Members: |
Allen Busingye Madinah Nalwoga Regina -nakyanzi Monica Naigaga Mary Nambalirwa |
| Location: | Kampala, Uganda |
| Activity: | Used Clothing |
About the Loan
| Loan Amount: | $1,225.00 |
|---|---|
| Loan Use: | To increase stock in her business |
| Repayment Term: | 8 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Sep 18, 2008 |
| Date Disbursed: | Oct 2, 2008 |
| Date Funded: | Sep 18, 2008 |
| Loan Ended: | May 15, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | Micro Credit for Development and Transformation SACCO (MCDT SACCO) |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Pilot |
| Time On Kiva: | 20 months |
| Kiva Entrepreneurs: | 2120 |
| Total Loans: | $475,050 |
| 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: | 1,634.0000 UGX = 1 USD |
The family gets 3 meals a day. She resides and works in a semi-urban area which is on the outskirts of Kampala. Mary works in Owino market, one of the city suburbs, and deals in second-hand clothes. She sells to an average of 10 people a day and works 6 days a week. Mary's monthly expenses include school fees and rent. She has been in this business for 6 years. She used to operate a beauty salon but had to change to second-hand clothes due to the high demand for them and their profitability.
Mary's main challenges are seasonality and the rainy season, which makes storage facilities difficult. She has been with MCDT for 6 years and is servicing her eleventh loan, working all this long time with the same group mates. She wants to use this loan to increase stock in her business.
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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 Mary Nambalirwa's Group
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Loan has been disbursed
Location: Kampala, Uganda
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Posted by
from Kampala, Uganda
Oct 3, 2008 |
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Comment on this entry
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Mary Nambalirwa's journal
Location: Kampala, Uganda
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Posted by
Aloo Beatrice from Kampala, Uganda
Jun 30, 2009 |
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Comment on this entry
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Repayment Schedule for Mary Nambalirwa's Group
Repayment Schedule for Mary Nambalirwa's Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| January 2009 | $204.17 | $204.17 |  Repayment Received
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| February 2009 | $204.17 | $204.17 | Repayment Received
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| March 2009 | $204.17 | $204.17 | Repayment Received
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| April 2009 | $204.17 | $204.17 | Repayment Received
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| May 2009 | $204.17 | $204.17 | Repayment Received
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| June 2009 | $204.15 | $204.15 | Repayment Received
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