Resty Kayondo's Group

Status: Paid Back

$1,125.00		Loan Request
$1,125.00		Paid Back

About the Group

Group Name:	Resty Kayondo's Group
Group Members:	Robinah Namusoke Susan Nansamba Harriet Nakalema Tausi Mayega Resty Kayondo
Location:	Kampala, Uganda
Activity:	Paper Sales

About the Loan

Loan Amount:	$1,125.00
Loan Use:	To increase stock and buy another telephone booth
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

Field Partner:

Micro Credit for Development and Transformation SACCO (MCDT SACCO)

Field Partner Risk Rating:

(Learn more)

Pilot

20 months

2124

$476,175

0.00%

0.00%

Currency Exchange Loss Rate:

0.00%

About the Country

Country:	Uganda
Avg Annual Income:	$1,700.00
Currency:	Uganda Shillings (UGX)
Exchange Rate:	1,809.9999 UGX = 1 USD

Resty is the leader of 5 members of a group. She is a 45-year-old divorced woman with 1 daughter, age 30 years. She resides in and owns a 3-room house, where she is staying with 4 people. Resty takes care of her mother. There is electricity and piped water at her home.

The family gets 3 meals a day. She resides and works in a semi-urban area that is on the outskirts of Kampala. Resty sells newspapers and operates a public pay phone in Bwaise, one of the city suburbs. She sells to an average of 50 people a day and works 6 days a week. Resty's major monthly expenses include rent for the business premises and medication. Resty bicycles to and from work. She has been in this business for 10 years.

Resty's main challenges include the rainy season, which disturbs her a lot, and overcomes it by using umbrellas. Resty has been with MCDT for over 5 years and is servicing her eighth loan, working all this long time with the same group mates. She wants to use this loan to increase stock in her business and acquire more telephone booths.
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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

Lenders to this group

Pavan
Abbotsford, British Columbia
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Anonymous
parker, CO
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Jenette
Calgary, Alberta
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Terry
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Glennis
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Evan & Anna
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Linda Zeretzke Memorial
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Kay
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Gonzalez Family
Burnsville, MN
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Wedding Supplies

Dave
Gig Harbor, WA
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Jantique
Boston, MA
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Laurent D
Brussels,
Belgium

Scott
huntington beach, CA
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Edward
Sacramento, CA
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Shawn
Los Gatos, CA
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Bradley
Beverly hills, CA
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Jambool, Inc.
San Francisco, CA
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Anonymous
San Francisco, CA
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Carl
New York, NY
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Frank
Rancho Santa Margarita, CA
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michael
troutville, VA
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Fredric
Unionville, VA
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Marco
Roma, Roma
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Louis
Tucson, AZ
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ROBERTO
CHIAVARI, Genova
Italy

enREDados
Alpedrete, Madrid
Spain

DO IT Foundation
Judendorf-Strassengel,
Austria

Glenn
Fairbanks, AK
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Mary Kivafriends.org
Raalte,
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Anonymous
San Francisco, CA
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Marion & Martijn
Zaandam, Noord-Holland
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Gil
Hilo, HI
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Brian
Fairbanks, AK
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Nicholas MacGowan
München,
Germany

Emil
BEAR, DE
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Helena Summer
Honolulu, HI
United States

Naoko
Erlenbach,
Switzerland

Maria
CAMPBELLTOWN, South Australia
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Remco
Deventer,
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Old Git
Stansted, Essex
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Journal entries for Resty Kayondo's Group

Loan has been disbursed Entrepreneur: Resty Kayondo's Group Location: Kampala, Uganda Thank you for your loan. It has been disbursed to the Resty Kayondo's Group group, consisting of Resty Kayondo, Tausi Mayega, Harriet Nakalema, Susan Nansamba, Robinah Namusoke 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 Nov 6, 2008
Comments (1)

JOURNAL Entrepreneur: Resty Kayondo's Group Location: Kampala, Uganda On a resent visit to Resty’s business the loans officer found her business doing well. Resty is a news paper vender and one of the problems she faces while doing her business is that of whether .during rainy seasons she fails to sell many newspapers, so on such days she makes little profits . The reason why she chose this kind of business is because she found it easy to start. Since joining MCDT she has managed to make some savings for her self . She has also been able to expand on her business. She is now able to meet the basic needs of her family she has also managed to buy more assts in her house. She hopes to continue expanding on her business and also build houses for rent to improve on her income
Posted by Olivia Kayongo from Kampala, Uganda Feb 10, 2009
Comment on this entry

Repayment Schedule for Resty Kayondo's Group

Show Advanced

	Expected Repayments	Actual Repayments	Comments
February 2009	$187.50	$187.50	Repayment Received
March 2009	$187.50	$187.50	Repayment Received
April 2009	$187.50	$187.50	Repayment Received
May 2009	$187.50	$187.50	Repayment Received
June 2009	$187.50	$187.49	Repayment Received
July 2009	$187.50	$187.51	Repayment Received