Agip Cell A-saidat Group


Status: Paid Back

$750.00   Loan Request
$750.00   Paid Back

About the Group

Group Name: Agip Cell A-saidat Group
Group Members: Saidat Nakasuzi
Rehema Najemba
Location: Mbarara, Uganda
Activity: Food Production/Sales

About the Loan

Loan Amount: $750.00
Loan Use: To purchase saucepans and matooke, maize flour and rice.
Repayment Term: 11 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Dec 2, 2008
Date Disbursed: Nov 24, 2008
Date Funded:Dec 2, 2008
Loan Ended:Sep 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



Saidat Nakasuzi is a 48 year old widowed mother of 8 children aged between 30 and 2.5 years. Having been a hardworking cash crop farmer, she managed to raise some capital 3 years ago to start up a food joint/stall. This earns her a profit of 10,000UGX daily. For the success of her business, Saidat will use the loan to purchase the required utensils like saucepans, and foods like matooke, maize flour, and rice.

She works tirelessly towards attaining her ambition of owning a modern restaurant with classic custom made furniture, offering various continental and foreign dishes. With such an achievement, she will be in a position to provide her children with the best education.





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 Agip Cell A-saidat Group


Loan has been disbursed
 
Entrepreneur: Agip Cell A-saidat Group
Location: Mbarara, Uganda

Thank you for your loan. It has been disbursed to the Saidat Nakasuzi group, consisting of Saidat Nakasuzi, Rehema Najemba by BRAC Uganda in Uganda. We are excited to watch this business grow. Over the next 9 months, BRAC Uganda will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Mbarara, Uganda
Dec 3, 2008
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Kiva Help Repayment Schedule for Agip Cell A-saidat Group

  Expected Repayments Actual Repayments Comments
February 2009 $93.75 $93.75 Repayment Received
March 2009 $75.00 $75.00 Repayment Received
April 2009 $75.00 $75.00 Repayment Received
May 2009 $93.75 $93.75 Repayment Received
June 2009 $75.00 $75.00 Repayment Received
July 2009 $75.00 $75.00 Repayment Received
August 2009 $93.75 $93.75 Repayment Received
September 2009 $75.00 $75.00 Repayment Received
October 2009 $93.75 $93.75 Repayment Received