Lukia Nakiranda’s Group
Status: Paid Back
| $1,600.00 | Loan Request | |
|---|---|---|
| $1,600.00 | Paid Back |
About the Group
| Group Name: | Lukia Nakiranda’s Group |
|---|---|
| Group Members: |
Lukia Nakiranda Restatuta -nakafeero Rhona Nabanja Zaituni Nanfuka Betty Nassuna |
| Location: | Kampala, Uganda |
| Activity: | Bricks |
About the Loan
| Loan Amount: | $1,600.00 |
|---|---|
| Loan Use: | To expand her business |
| Repayment Term: | 7 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Oct 28, 2008 |
| Date Disbursed: | Nov 11, 2008 |
| Date Funded: | Oct 28, 2008 |
| Loan Ended: | Apr 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: | 2124 |
| Total Loans: | $476,175 |
| 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: | 2,000.0000 UGX = 1 USD |
The family gets 3 meals a day. She resides and works in a semi-urban area that is on the outskirts of Kampala. Lukia sells bricks at her home. She buys these blocks from different areas and uses a lorry to bring them to her home. She sells to all categories of people, both wholesale and retail.
Her main challenges are water, thieves, and defaulters. Lukia works 7 days a week and has been with MCDT for 9 years, servicing her eighteenth loan. She wants to use this loan to expand her business and aspires to build rental rooms.
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 Lukia Nakiranda’s Group
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Loan has been disbursed
Location: Kampala, Uganda
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Posted by
from Kampala, Uganda
Nov 12, 2008 |
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Comment on this entry
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Repayment Schedule for Lukia Nakiranda’s Group
Repayment Schedule for Lukia Nakiranda’s Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| February 2009 | $400.00 | $400.00 |  Repayment Received
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| March 2009 | $400.00 | $400.00 | Repayment Received
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| April 2009 | $400.00 | $400.00 | Repayment Received
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| May 2009 | $400.00 | $400.00 | Repayment Received
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