Prossy Kabejja's Group
Status: Paid Back
| $1,225.00 | Loan Request | |
|---|---|---|
| $1,225.00 | Paid Back |
About the Group
| Group Name: | Prossy Kabejja's Group |
|---|---|
| Group Members: |
Teopsta Nantale Margaret Nandawula Faith Nakagiri Lukera Wanyama Prossy Kabejja |
| Location: | Kampala, Uganda |
| Activity: | Used Clothing |
About the Loan
| Loan Amount: | $1,225.00 |
|---|---|
| Loan Use: | To invest in her business |
| Repayment Term: | 8 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Oct 21, 2008 |
| Date Disbursed: | Nov 5, 2008 |
| Date Funded: | Oct 22, 2008 |
| Loan Ended: | Jun 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: | 1,810.0000 UGX = 1 USD |
She resides and works in a semi-urban area that is on the outskirts of Kampala. Prossy sells secondhand clothes in Owino market, one of the busiest markets in Kampala. On average she can sell to 10 people a day. Prossy has been in this business for 5 years and works 7 days a week. Formerly Prossy was operating a restaurant at her residence. Her major challenges are the rainy season, seasonality, and business taxes, and feeding the family is at times difficult.
Prossy has been with MCDT for 4 years and is servicing her seventh loan. She is aspiring to see her business expand so that she can start selling wholesale.
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 Prossy Kabejja's Group
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Loan has been disbursed
Location: Kampala, Uganda
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Posted by
from Kampala, Uganda
Nov 5, 2008 |
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Comment on this entry
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journal
Location: Kampala, Uganda
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Posted by
Aloo Beatrice from Kampala, Uganda
Mar 31, 2009 |
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Comment on this entry
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Repayment Schedule for Prossy Kabejja's Group
Repayment Schedule for Prossy Kabejja's Group
| Expected Repayments | Actual Repayments | Comments | |||
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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 | $204.17 | $204.16 | Repayment Received
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| July 2009 | $204.15 | $204.16 | Repayment Received
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