Allen Wanyana’s Group


Status: Paid Back

$1,025.00   Loan Request
$1,025.00   Paid Back

About the Group

Group Name: Allen Wanyana’s Group
Group Members: Allen Wanyana
Justine Nakitende
Fatuma Namakula
Olivia Nantongo
Fiona Assimwe
Location: Kampala, Uganda
Activity: Home Products Sales

About the Loan

Loan Amount: $1,025.00
Loan Use: To have a permanent place of work
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Nov 29, 2008
Date Disbursed: Nov 17, 2008
Date Funded:Dec 19, 2008
Loan Ended:Aug 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



Allen is a leader of a 5-member group. She is a 45-year-old married mother of four children aged between 18 and 26 years. One child goes to school. Allen takes care of her elderly parents She resides in and owns a four-room house where she lives with five people. They have electricity and piped water at home. The family gets three meals a day,

Allen works in a semiurban area, which is in the outskirts of Kampala, operating a retail shop. She uses public transport to and from work. Allen buys her products from Owino market, one of the busiest markets in Kampala city. She sells to an average of 20 customers a day and works seven days a week.

Allen has been in this business for five years, working six days a week. She is faced with a challenge of competition and transportation. She has been with MCDT for five years working all this time with the same group members and wants to use this loan to have permanent place for her business. She aspires to build a bigger shop and sell wholesale.







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 Allen Wanyana’s Group


Loan has been disbursed
 
Entrepreneur: Allen Wanyana’s Group
Location: Kampala, Uganda

Thank you for your loan. It has been disbursed to the Allen Wanyana group, consisting of Allen Wanyana, Justine Nakitende , Fatuma Namakula, Olivia Nantongo, Fiona Assimwe by Micro Credit Development Trust SACCO (MCDT) in Uganda. We are excited to watch this business grow. Over the 5 months of this loan, 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
Dec 20, 2008
Comment on this entry

Allen Wanyana's home products journal
 
Entrepreneur: Allen Wanyana’s Group
Location: Kampala, Uganda

Allen Wanyana was paid a visit by the credit officer and found her family doing well with basic needs being met and improved housing .she used the loan to increase on her stock and also buying additional items for sell.

Her challenge is the alarming price increases, the reason why she chose this kind of business because it was easy to account for.

She has got more customers now and she is very great full to kiva for giving her this opportunity. and her future goal is to construct rental houses.


Posted by Aloo Beatrice from Kampala, Uganda
Jun 29, 2009
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Kiva Help Repayment Schedule for Allen Wanyana’s Group

  Expected Repayments Actual Repayments Comments
February 2009 $256.26 $256.26 Repayment Received
March 2009 $170.84 $0.00 Repayment Received
April 2009 $170.84 $92.90 Repayment Received
May 2009 $213.55 $157.75 Repayment Received
June 2009 $170.84 $128.00 Repayment Received
July 2009 $42.67 $0.00 Repayment Received
September 2009 $0.00 $390.09