Florence's Nakyeyune Group


Status: Paid Back

$1,350.00   Loan Request
$1,350.00   Paid Back

About the Group

Group Name: Florence's Nakyeyune Group
Group Members: Aisha Nabunya
Florence Nabukenya
Berna Namuli
Florence Nakyeyune
Florence Nakyeyune
Location: Kampala, Uganda
Activity: Poultry

About the Loan

Loan Amount: $1,350.00
Loan Use: To increase her inventory.
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Sep 26, 2008
Date Disbursed: Oct 10, 2008
Date Funded:Sep 26, 2008
Loan Ended:May 15, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:1,646.0000 UGX = 1 USD



Florence is the leader of this five member group. She is 42 years old and married with four daughters, who are between the ages of 24 and 15. All her children go to school. She owns a five-room house where she stays with six people. Florence doesn't take care of any additional family members. There is no electricity or piped water at her home but the family gets three meals a day.



Florence resides in and works in a semi-urban area on the outskirts of Kampala. She sells chicken and rents a stall at Kalerwe in the city suburbs. She sells to an average of 30 people a day and works seven days a week. Florence's major monthly expenses include rent for the business premises, school fees, and medication. She uses a bicycle to commute to and from work. She has been in this business for six years. Her main challenges are the rainy season, which disturbs her a lot, and seasonality.



Florence has been with MCDT for over six years and this is her twelfth loan, working all along with the same groupmates. She wants to use this loan to increase stock in her business. Florence also aspired to build rental rooms in the available space near her house.





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 Florence's Nakyeyune Group


Loan has been disbursed
 
Entrepreneur: Florence's Nakyeyune Group
Location: Kampala, Uganda

Thank you for your loan. It has been disbursed to the Florence's Nakyeyune Group group, consisting of Florence Nakyeyune, Florence Nakyeyune, Berna Namuli, Florence Nabukenya, Aisha Nabunya 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
Oct 10, 2008
Comment on this entry

Florence Nakyeyune's group
 
Entrepreneur: Florence's Nakyeyune Group
Location: Kampala, Uganda

Florence was paid a visit by the credit officer and found her family doing well with basic needs being met and improved housing she had access to the main market in Kalerwe

Where she goes for shopping She has got more customers now and she is very great full to Kiva for giving her this opportunity


Posted by Aloo Beatrice from Kampala, Uganda
Aug 3, 2009
Comment on this entry

Kiva Help Repayment Schedule for Florence's Nakyeyune Group

  Expected Repayments Actual Repayments Comments
January 2009 $225.00 $225.00 Repayment Received
February 2009 $225.00 $225.00 Repayment Received
March 2009 $225.00 $225.00 Repayment Received
April 2009 $225.00 $225.00 Repayment Received
May 2009 $225.00 $225.00 Repayment Received
June 2009 $225.00 $225.00 Repayment Received