Nasuuti Women's Group


Status: Paid Back

$2,450.00   Loan Request
$2,450.00   Paid Back

About the Group

Group Name: Nasuuti Women's Group
Group Members: Fatumah Nalunga
Margaret Eseru
Beatrice Ssaka
Faridah Nakakande
Sulaiti Mberenge
Margaret Nalunga
Jakirah Namatende
Zubedah Weere
Ruth Sanya
Massy Bunjo
Prossy Naluyange
Galebuji Mukasa
Rachael Kwagala
Shabin Kabinje
Douglas Mugabi
Jennifer Ayomo
Yakubu Sekajja
Location: Mukono, Uganda
Activity: Restaurant

About the Loan

Loan Amount: $2,450.00
Loan Use: To buy and stock food stuffs for her restaurant.
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Dec 11, 2008
Date Disbursed: Dec 2, 2008
Date Funded:Dec 17, 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



Nalunga Fatumah is 35 years of age and the chairperson of Nasuuti women’s group, a new group in Mukono. She is married with 4 children. One of her children has just finished her Senior 4 leaving examinations; one is in Senior 3, another is in her Primary 7 vacation, and the last-born is in Primary 4. Fatumah cares for her mother and two brothers-in-law. She has a restaurant business called Bismillah Restaurant which she has been running for 2 years, and she is happy that her good services and customer care has enabled her to keep a good clientele. In her business, she is helped by her family members while her husband does other businesses. She prepares breakfast, lunch and supper with very nice meals bringing out the aroma all over the place. This is her first loan with Pearl Microfinance and she has planned to buy and stock food stuffs for her restaurant.



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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Lenders to this group

Tony
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Jing
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Sue
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Louis-Eric Simard
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Tom
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Natasha
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Kendall
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Andreas Dittes
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Dirk L.

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Daniel
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Stephanie
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Kurian
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Amy & Tom
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Jeff
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William
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Journal entries for Nasuuti Women's Group


Loan has been disbursed
 
Entrepreneur: Nasuuti Women's Group
Location: Mukono, Uganda

Thank you for your loan. It has been disbursed to the Fatumah Nalunga group, consisting of Fatumah Nalunga, Margaret Eseru, Beatrice Ssaka, Faridah Nakakande, Sulaiti Mberenge, Margaret Nalunga, Jakirah Namatende, Zubedah Weere, Ruth Sanya, Massy Bunjo, Prossy Naluyange, Galebuji Mukasa, Rachael Kwagala, Shabin Kabinje, Douglas Mugabi, Jennifer Ayomo, Yakubu Sekajja by Pearl Microfinance Limited in Uganda. We are excited to watch this business grow. Over the 3 months of this loan, Pearl Microfinance Limited will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Mukono, Uganda
Dec 18, 2008
Comment on this entry

Journal
 
Entrepreneur: Nasuuti Women's Group
Location: Mukono, Uganda

Nalunga Fatumah is expanding big, thanks to her first loan. She has been able to change her restaurant premises from a small one to a much bigger and well furnished premise and this has had a positive effect to her business. The change has attracted more customers even due to the fact that the place is much busier than the previous one. She hopes to use more loans to expand further so that she can be able to cater for her family and more future developments.


Posted by Grace Nattoolo from Mukono, Uganda
Jul 8, 2009
Comment on this entry

Kiva Help Repayment Schedule for Nasuuti Women's Group

  Expected Repayments Actual Repayments Comments
February 2009 $489.99 $489.99 Repayment Received
March 2009 $653.32 $653.32 Repayment Received
April 2009 $653.32 $653.32 Repayment Received
May 2009 $653.37 $653.37 Repayment Received