Bakyala Kwekulakulanya Women's Group 1


Status: Paid Back

$4,750.00   Loan Request
$4,750.00   Paid Back

About the Group

Group Name: Bakyala Kwekulakulanya Women's Group 1
Group Members: Immaculate Namuleme
Betty Namuswe
Amina Ssegujja
Charles Ssenkungu
Robert Mbaziira
Iral Ssalongo
Kaddu Mukasa
Moses Kibirango
Julius Bamutya
Kanakulya Ssalongo
Abdul Mayanja
Haluna Mukasa
Fred Kalema
Swaibu Kinene
Haruna Zziwa
Location: Buikwe, Uganda
Activity: Liquor Store / Off-License

About the Loan

Loan Amount: $4,750.00
Loan Use: Namuleme Immaculate needs to buy more goods for her shop and bar.
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Oct 29, 2008
Date Disbursed: Nov 12, 2008
Date Funded:Oct 29, 2008
Loan Ended:Apr 15, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:1,990.0999 UGX = 1 USD



Namuleme Immaculate is a widow of 53 years of age who cares for 7 children and 4 grandchildren. She is a businesswoman with a bar at her home selling local brew of two kinds (waragi and kwete) that she makes herself. On top of this, she also sells beer and wines since variety brings in more income. She also sells the excess of her home made brew to other bar owners that can not afford to make it themselves, both at wholesale and retail, and this has increased her customer base and revenue. Out of her profits, she was able to start a retail shop that mostly sells snacks and sugar, salt, cooking oil, maize flour and paraffin to her community. Right now, her life is better and keepsogetting better by the day. She needs a loan to help with restocking her shop and buying more beers for sale.



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 Bakyala Kwekulakulanya Women's Group 1


Loan has been disbursed
 
Entrepreneur: Bakyala Kwekulakulanya Women's Group 1
Location: Buikwe, Uganda

Thank you for your loan. It has been disbursed to the Bakyala Kwekulakulanya Women's Group 1 group, consisting of Immaculate Namuleme, Betty Namuswe, Amina Ssegujja, Charles Ssenkungu, Robert Mbaziira, Iral Ssalongo, Kaddu Mukasa, Moses Kibirango, Julius Bamutya, Kanakulya Ssalongo, Abdul Mayanja, Haluna Mukasa, Fred Kalema, Swaibu Kinene, Haruna Zziwa 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 Buikwe, Uganda
Nov 13, 2008
Comments (1)

Journal
 
Entrepreneur: Bakyala Kwekulakulanya Women's Group 1
Location: Buikwe, Uganda

Namuleme Immaculate is a bar owner who makes most of the brew that she sells in her bar by her self. She ensures that she makes enough some of which she sells out to her customers while the rest; she sells her self at her home as retail. Having taken a loan from Pearl Microfinance ensures that she makes enough brew hence more profits as well as having more money for buying more beers and wines for sell to have a variety.


Posted by Grace Nattoolo from Buikwe, Uganda
Jun 3, 2009
Comment on this entry

Kiva Help Repayment Schedule for Bakyala Kwekulakulanya Women's Group 1

  Expected Repayments Actual Repayments Comments
February 2009 $1,187.50 $1,187.50 Repayment Received
March 2009 $1,187.50 $1,187.50 Repayment Received
April 2009 $1,187.50 $1,187.50 Repayment Received
May 2009 $1,187.50 $1,187.50 Repayment Received