Mukisa Women's Group


Status: Paid Back

$1,850.00   Loan Request
$1,850.00   Paid Back

About the Group

Group Name: Mukisa Women's Group
Group Members: Fatumah Basoma
Rebecca Isabirye
Zulaika Mukasa
Winnifred Nantongo
Patricia Namwoyo
Teopista Mutesi
Halima Nabirye
Location: Jinja, Uganda
Activity: Tailoring

About the Loan

Loan Amount: $1,850.00
Loan Use: To buy clothing material and threads for her business.
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Nov 26, 2008
Date Disbursed: Nov 18, 2008
Date Funded:Nov 27, 2008
Loan Ended:Apr 15, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:2,000.1000 UGX = 1 USD



Fatumah Basoma is one of the executive members of Mukisa women’s group in Jinja as well as one of its founding members. Fatumah is a tailor with a business of making ladies’ wear, childen's and men’s clothes of all kinds. She has been in the trade for a long time now and has gained experience for making quality products for her customers. She has two sewing machines at the moment, but has a dream of one day owning as many as ten so that she can begin a tailoring school to teach young girls, mostly orphans, the same trade as a way for them to sustain themselves in future. She is grateful for the loans because now she is able to sell some of the material she buys to her customers, unlike before when she did not have the capital to do so.



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 Mukisa Women's Group


Loan has been disbursed
 
Entrepreneur: Mukisa Women's Group
Location: Jinja, Uganda

Thank you for your loan. It has been disbursed to the Fatumah Basoma group, consisting of Fatumah Basoma, Rebecca Isabirye, Zulaika Mukasa, Winnifred Nantongo, Patricia Namwoyo, Teopista Mutesi, Halima Nabirye by Pearl Microfinance Limited in Uganda. We are excited to watch this business grow. Over the next 3 months, Pearl Microfinance Limited will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Jinja, Uganda
Nov 28, 2008
Comments (1)

Journal
 
Entrepreneur: Mukisa Women's Group
Location: Jinja, Uganda

Basoma Fatumah is a tailor with a business of making ladies’ wear, children and men’s clothes of all kinds. She employs one person who uses the excess sewing machine that she has to help her meet her customers’ demands on time. She is also a farmer with food both for sale and home consumption. She has a hope of having so many machines so that she could have a school of tailoring. Most of the materials she sews are from her shop hence increasing her income, all thanks to the loans and her hard work.


Posted by Grace Nattoolo from Jinja, Uganda
Jun 4, 2009
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Kiva Help Repayment Schedule for Mukisa Women's Group

  Expected Repayments Actual Repayments Comments
February 2009 $578.10 $578.10 Repayment Received
March 2009 $462.48 $462.48 Repayment Received
April 2009 $462.48 $462.48 Repayment Received
May 2009 $346.94 $346.94 Repayment Received