Mwavu Teyebaka Group
Status: Paid Back
| $3,500.00 | Loan Request | |
|---|---|---|
| $3,500.00 | Paid Back |
About the Group
| Group Name: | Mwavu Teyebaka Group |
|---|---|
| Group Members: |
Polline Otto Gertrude Komakech Abraham Tumusiime Jully Khatto Moses Naturinda Roselyn Adia Elias Nuwamanya Suzan Mukoda Abas Kanonya |
| Location: | Kampala, Uganda |
| Activity: | Restaurant |
About the Loan
| Loan Amount: | $3,500.00 |
|---|---|
| Loan Use: | To buy food for her restaurant |
| Repayment Term: | 6 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Nov 28, 2008 |
| Date Disbursed: | Nov 25, 2008 |
| Date Funded: | Dec 11, 2008 |
| Loan Ended: | Apr 15, 2009 |
About the Field Partner
About the Field Partner
|
|
| Field Partner: | Pearl Microfinance Limited |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 26 months |
| Kiva Entrepreneurs: | 10752 |
| Total Loans: | $2,902,500 |
| 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 |
Polline Otto, age 45, is the leader of the Mwavu Teyebaka women’s group on Lumumba Avenue in Kampala. She is married with six children and cares for three orphans. She has a restaurant called Kalo Eating Place in the same location where her group meets, and she has a good clientele. Come lunch time, the place is filled with people from offices and all over town who want to have something traditional to fill their stomachs.
Polline has been taking loans to help her to maintain her restaurant each day, such as buying food ,sauce, plates, cups, and so much more. To date, she is so happy about it. She now needs another loan to help to buy more food from the villages where the prices are cheaper.
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
Polline has been taking loans to help her to maintain her restaurant each day, such as buying food ,sauce, plates, cups, and so much more. To date, she is so happy about it. She now needs another loan to help to buy more food from the villages where the prices are cheaper.
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 Mwavu Teyebaka Group
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Loan has been disbursed
Location: Kampala, Uganda
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Posted by
from Kampala, Uganda
Dec 12, 2008 |
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Comment on this entry
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Journal
Location: Kampala, Uganda
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Posted by
Grace Nattoolo from Kampala, Uganda
Jun 5, 2009 |
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Comments (1)
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Repayment Schedule for Mwavu Teyebaka Group
Repayment Schedule for Mwavu Teyebaka Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| February 2009 | $875.00 | $875.00 |  Repayment Received
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| March 2009 | $875.00 | $875.00 | Repayment Received
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| April 2009 | $875.00 | $875.00 | Repayment Received
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| May 2009 | $875.00 | $875.00 | Repayment Received
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