Alice Namufumba's Group
Status: Paid Back
| $4,800.00 | Loan Request | |
|---|---|---|
| $4,800.00 | Paid Back |
About the Group
| Group Name: | Alice Namufumba's Group |
|---|---|
| Group Members: |
Harriet Nabawanuka Solome Nagawa Ceicu Aluba Alice Tawe Esther Nambalirwa Benald Tumwebaze Nulu Namagembe Mwajuma Bagala Juliet Nakayima Milly Namukwaya Ruth Mbuwa Alice Namufumba |
| Location: | Naalya, Uganda |
| Activity: | Clothing Sales |
About the Loan
| Loan Amount: | $4,800.00 |
|---|---|
| Loan Use: | To buy more clothes to sell. |
| Repayment Term: | 6 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Oct 13, 2008 |
| Date Disbursed: | Oct 27, 2008 |
| Date Funded: | Oct 13, 2008 |
| Loan Ended: | Mar 16, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | Pearl Microfinance Limited |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 26 months |
| Kiva Entrepreneurs: | 10752 |
| Total Loans: | $2,902,500 |
| 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: | 1,640.0000 UGX = 1 USD |
Alice Namufumba is a very hardworking lady with a business selling women's, men's, and children's clothing in her locality. She is so grateful for the loans from Pearl Microfinance because she has been able to increase and build her capital as a result. Now school fees are no longer a burden because of the profits she makes selling a variety of high quality skirts, blouses, shirts, trousers and dresses.
She is seeking a loan to be able to buy more clothes to sell. She believes this will fetch her more income in preparation for restocking for the Christmas season.
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 Alice Namufumba's Group
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Loan has been disbursed
Location: Naalya, Uganda
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Posted by
from Naalya, Uganda
Oct 28, 2008 |
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Comment on this entry
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Journal
Location: Naalya, Uganda
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Posted by
Grace Nattoolo from Naalya, Uganda
May 12, 2009 |
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Comment on this entry
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Repayment Schedule for Alice Namufumba's Group
Repayment Schedule for Alice Namufumba's Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| January 2009 | $1,200.00 | $1,200.00 |  Repayment Received
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| February 2009 | $1,200.00 | $1,200.00 | Repayment Received
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| March 2009 | $1,200.00 | $1,200.00 | Repayment Received
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| April 2009 | $1,200.00 | $1,200.00 | Repayment Received
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