Florence Namusisi’s Group

Status: Paid Back

$1,300.00		Loan Request
$1,300.00		Paid Back

About the Group

Group Name:	Florence Namusisi’s Group
Group Members:	Florence Namusisi Teopista Nakaliisa Scovia Nalweyiso Harriet Nagawa Immaculate Sanyu
Location:	Kampala, Uganda
Activity:	Restaurant

About the Loan

Loan Amount:	$1,300.00
Loan Use:	To buy a refridgerator and acquire electircity.
Repayment Term:	7 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Nov 23, 2008
Date Disbursed:	Nov 11, 2008
Date Funded:	Nov 27, 2008
Loan Ended:	May 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

2127

$477,225

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:	2,000.1000 UGX = 1 USD

Florence, the leader of a five-member group, is a 37-year-old married woman with four children aged between 4 months and 14 years, three of whom go to school. She owns and resides in a two-roomed house that has neither electricity nor piped water. The family gets three meals a day and works in a semi-urban area which is on the outskirts of Kampala. Her monthly expenses include rent, school fees and medication.

Florence operates a restaurant in her home, serving an average of 20 customers each day While she began this business four years ago and has managed to improve her standard of living, she has also started another business operating a bar to supplement her income. Both businesses, however, are hindered during rainy season, when it is difficult for her customers to patronize her enterprises due to disruptions in transportation, etc.

She is requesting this loan in order to buy a refrigerator and acquire electricity for her home. Florence is aspiring to eventually buy a plot of land upon which to operate her businesses, thereby eliminating the payment of rent.

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

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Sasha

Rachel
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Stella
Adelaide, South Australia
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marek
prague,
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birgit
berg,
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Anonymous
Haarlem, Noord-Holland
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Gary
Newmarket, Ontario
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Nataraj
Boise, ID
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Vikram
San Francisco, CA
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Larry
solana beach, CA
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Kevin and Tyler
Cupertino, CA
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John
Aberden, Aberdeen City
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Andrea
Köln,
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Bill
Phenix City, AL
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Jacob Fan
Beijing, Beijing
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Orla
Redwood City, CA
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Ken, Cathy, Zoey
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Natalie
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Stephanie

Buchanan Family
www.kivafriends.org, Ramsey, NJ
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Rhea & Craig
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Joseph
Corona, CA
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Howard & Jillian
Vence,
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Jeroen
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Douglas
Liberty Hill, TX
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Lilly
costa mesa, ca
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Bema
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Journal entries for Florence Namusisi’s Group

Loan has been disbursed Entrepreneur: Florence Namusisi’s Group Location: Kampala, Uganda Thank you for your loan. It has been disbursed to the Florence Namusisi group, consisting of Florence Namusisi , Teopista Nakaliisa, Scovia Nalweyiso, Harriet Nagawa, Immaculate Sanyu by Micro Credit Development Trust SACCO (MCDT) in Uganda. We are excited to watch this business grow. Over the next 3 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 28, 2008
Comment on this entry

JOURNAL Entrepreneur: Florence Namusisi’s Group Location: Kampala, Uganda Florence was recently visited by a loans officer and found her business doing well. Florence who used the loan she received from MCDT to increase on her stock The problem she faces in her business is that of lack of customers at times She chose this kind of business because she makes enough profits out of it. She joining MCDT she has managed to attract more customers because she now sells a variety of local brew .she has also managed to buy a refrigerator to sell her customers with cold drinks She is now able to meet the basic needs of her family. They are now able to have more then one meal a day. Florence has managed to buy a plot of land and now she would like to construct a shop in her plot Flounce also hopes to buy more assets in her house
Posted by Olivia Kayongo from Kampala, Uganda Feb 16, 2009
Comment on this entry

JOURNAL Entrepreneur: Florence Namusisi’s Group Location: Kampala, Uganda Florence was recently visited by a loans officer and found her business doing well. Florence who used the loan she received from MCDT to increase on her stock The problem she faces in her business is that of lack of customers at times She chose this kind of business because she makes enough profits out of it. She joining MCDT she has managed to attract more customers because she now sells a variety of local brew .she has also managed to buy a refrigerator to sell her customers with cold drinks She is now able to meet the basic needs of her family. They are now able to have more then one meal a day. Florence has managed to buy a plot of land and now she would like to construct a shop in her plot Flounce also hopes to buy more assets in her house
Posted by Olivia Kayongo from Kampala, Uganda Feb 17, 2009
Comment on this entry

Repayment Schedule for Florence Namusisi’s Group

Show Advanced

	Expected Repayments	Actual Repayments	Comments
January 2009	$162.50	$162.50	Repayment Received
February 2009	$406.25	$406.25	Repayment Received
March 2009	$325.00	$263.05	Repayment Received
April 2009	$325.00	$0.00	Repayment Received
May 2009	$81.25	$138.40	Repayment Received
June 2009	$0.00	$329.80