Zikusooka Women's Group


Status: Paid Back

$3,600.00   Loan Request
$3,600.00   Paid Back

About the Group

Group Name: Zikusooka Women's Group
Group Members: Lozio Mabalizi
Sylivia Nantongo
Charles Kawonde
Konorio Namusoke
Karim Kiwanuka
Annet Nakanyike
Zaituni Kayaga
Mayi Bwebale
Christine Naikesa
Location: Nkokonjeru, Uganda
Activity: Retail

About the Loan

Loan Amount: $3,600.00
Loan Use: To buy more nets to sell to local fisherman.
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Oct 9, 2008
Date Disbursed: Oct 23, 2008
Date Funded:Oct 9, 2008
Loan Ended:Mar 16, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:1,647.0000 UGX = 1 USD



Christine Naikesa is chairperson of Zikusooka women's group in Nkokonjeru, Lugazi. She has made a living selling nets to fishermen at two landing sites since 1985, and is well known for her work. Christine says that there are 25 types of nets on the market, but about 5 have been suspended by the Ministry of Trade and Fisheries. She sells the remaining 20 types to her customers, who live as far away as seven miles from her home.


Christine is married and has seven children, but also cares for three relatives and an orphan. She started getting loans seven years ago, and they have changed her life dramatically. She has been able to join with her husband to buy several plots of land for farming, build a small house, and make plans to complete a larger one that can accommodate everyone.


Christine says her business is doing well -- recently the lake was not in a good condition, but thank God it is now in great shape and everyone is happy. Christine dreams of one day opening up a retail shop that will sell cold drinks, soaps and cereals so that she can work in one place as she grows older and her legs become more painful. She is thankful for her husband's help in raising their children and helping them become educated. She will use her potion of the loan to buy more fishing nets to sell.



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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Arad
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Journal entries for Zikusooka Women's Group


Loan has been disbursed
 
Entrepreneur: Zikusooka Women's Group
Location: Nkokonjeru, Uganda

Thank you for your loan. It has been disbursed to the Zikusooka women's group group, consisting of Christine Naikesa, Mayi Bwebale, Zaituni Kayaga, Annet Nakanyike, Karim Kiwanuka, Konorio Namusoke, Charles Kawonde, Sylivia Nantongo, Lozio Mabalizi 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 Nkokonjeru, Uganda
Oct 24, 2008
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Journal
 
Entrepreneur: Zikusooka Women's Group
Location: Nkokonjeru, Uganda

Naikesa Christine is so grateful for the loans she received that she was able to buy the fishnets, hooks, and all that she needed for her business and as a result she managed to make profits that helped her in paying school fees for her children, and she was able to continue with the construction of her house. She has since taken another loan to help with recapitalizing her business.


Posted by Grace Nattoolo from Nkokonjeru, Uganda
Apr 3, 2009
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Kiva Help Repayment Schedule for Zikusooka Women's Group

  Expected Repayments Actual Repayments Comments
January 2009 $900.00 $900.00 Repayment Received
February 2009 $900.00 $900.00 Repayment Received
March 2009 $900.00 $900.00 Repayment Received
April 2009 $900.00 $900.00 Repayment Received