Nyanama Twegatte Group
Status: Paid Back
| $2,950.00 | Loan Request | |
|---|---|---|
| $2,950.00 | Paid Back |
About the Group
| Group Name: | Nyanama Twegatte Group |
|---|---|
| Group Members: |
Immaculate Nakibuule Linda Ilumba Annet Kakomo Resty Nabakooza Night Namyalo Esther Nassaazi Ruth Namale Margaret Nakayita |
| Location: | Lugazi, Uganda |
| Activity: | Food Market |
About the Loan
| Loan Amount: | $2,950.00 |
|---|---|
| Loan Use: | To buy more produce to sell in her stall. |
| Repayment Term: | 6 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Nov 17, 2008 |
| Date Disbursed: | Nov 5, 2008 |
| Date Funded: | Nov 17, 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: | 10683 |
| Total Loans: | $2,885,625 |
| 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: | 2,000.1000 UGX = 1 USD |
Immaculate Nakibuule is the leader of Nyanama Twegatte group. This is the second time she is seeking a loan from Kiva to boost her business selling matooke. She is very grateful for the help rendered to her group.
With time, Immaculate has been able to expand her business to sell a variety of produce to her stall. She plans to use this loan to buy more bunches of matooke, sweet potatoes, cassava, and Irish potatoes for her business in order to earn more profits.
As a widow, she is the bread-winner of the family. But with the profits from her business and part of her savings, she's been able to cater for her children and caretakers.
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 Nyanama Twegatte Group
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Loan has been disbursed
Location: Lugazi, Uganda
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Posted by
from Lugazi, Uganda
Nov 18, 2008 |
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Comment on this entry
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Journal
Location: Lugazi, Uganda
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Posted by
Grace Nattoolo from Lugazi, Uganda
May 25, 2009 |
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Comment on this entry
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Repayment Schedule for Nyanama Twegatte Group
Repayment Schedule for Nyanama Twegatte Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| January 2009 | $393.34 | $393.34 |  Repayment Received
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| February 2009 | $983.35 | $983.35 | Repayment Received
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| March 2009 | $786.68 | $786.68 | Repayment Received
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| April 2009 | $786.63 | $786.63 | Repayment Received
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