Dembe Lending Group


Status: Paid Back

$2,775.00   Loan Request
$2,775.00   Paid Back

About the Group

Group Name: Dembe Lending Group
Group Members: Tendo Lwanga
Sylva Mwanje
Richard Wamboko
Suzan Mirembe
Charles Bwiire
Miiro Ssemutumba
Robinah Nantongo
Location: Kyabakadde, Uganda
Activity: Liquor Store / Off-License

About the Loan

Loan Amount: $2,775.00
Loan Use: Buy more bananas and pay labor for collecting the grass for her local brew 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:1,660.0000 UGX = 1 USD



Robinah Nantongo is the leader of Dembe Women's Group, which has been in existence for 5 years. She is a married woman and works with her husband for the benefit of their family. Robinah has 2 businesses. She is a farmer growing mostly bananas, cassava and sweet potatoes as well as making local alcohol for sale to bars around her home and to those in town centers.



The local brews she makes are waragi and tonto. She prepares spear grass that is mixed with the ripe juice of bananas (mabidde). The juice that comes out is put into jerry cans and sorghum is mixed in. The cans are put in a previously dug hole and covered for a week or two and the end result is tonto. For waragi, the tonto is again put into metal cans and placed on a fire with a tube that connects to two more metal cans from which the boiled tonto moves and is cooled. In a week, Robinah can make and sell 8 jerry cans of tonto and 7 of waragi for wholesale as she also sells it to her daily customers that drink it at her home. Robinah needs a loan to be able to buy more bananas and pay labor for collecting the grass for her local brew 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 Dembe Lending Group


Loan has been disbursed
 
Entrepreneur: Dembe Lending Group
Location: Kyabakadde, Uganda

Thank you for your loan. It has been disbursed to the Dembe Lending group group, consisting of Robinah Nantongo, Miiro Ssemutumba, Charles Bwiire, Suzan Mirembe, Richard Wamboko, Sylva Mwanje, Tendo Lwanga 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 Kyabakadde, Uganda
Oct 17, 2008
Comment on this entry

Journal
 
Entrepreneur: Dembe Lending Group
Location: Kyabakadde, Uganda

Nantongo Robinah uses her loans to reinvest in her businesses. For the farming business, she employs labor on her farm mostly at the start of the farming season and the rest of the work is not hard; and for the local brew, she makes sure that she stocks all the materials needed to make the brew for a long time, and the profits she gets are able to help her repay her loan, cater for her family as well as being able to save for her future plans.


Posted by Grace Nattoolo from Kyabakadde, Uganda
Apr 3, 2009
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Kiva Help Repayment Schedule for Dembe Lending Group

  Expected Repayments Actual Repayments Comments
January 2009 $693.75 $693.75 Repayment Received
February 2009 $693.75 $693.75 Repayment Received
March 2009 $693.75 $693.75 Repayment Received
April 2009 $693.75 $693.75 Repayment Received