Moses Kizito's Group


Status: Paid Back

$3,625.00   Loan Request
$3,625.00   Paid Back

About the Group

Group Name: Moses Kizito's Group
Group Members: Moses Kizito
Charles Mukasa
Christine Asiimwe
Florence Mugalu
Ester Nalwoga
Margaret Mpagi
Robinah Musoke
Annet Nasuuna
Fatuma Kabugo
sarah Semakula
Betty Nakato
Location: Lugazi, Uganda
Activity: Barber Shop

About the Loan

Loan Amount: $3,625.00
Loan Use: To buy a hair shaving machine and two comfortable chairs for his barber shop.
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 15, 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



Kizito Moses is a client of Pearl Microfinance in Lugazi. He has a salon in which he has 6 years of experience. He is 26 years of age and married with one school-going child. He also cares for his relatives in the village. He has been a member of his lending group for two and a half years. He got his capital to start up his own salon from his first salary as an employee in a friend's salon until time came for him to do his own. The loans have helped him to buy more appliances for his salon, and now he seeks another loan to be able to buy a hair shaving machine and two comfortable chairs for his customers for more comfortable men's and women’s hair cuts.



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 Moses Kizito's Group


Loan has been disbursed
 
Entrepreneur: Moses Kizito's Group
Location: Lugazi, Uganda

Thank you for your loan. It has been disbursed to the Moses Kizito group, consisting of Moses Kizito, Charles Mukasa, Christine Asiimwe, Florence Mugalu, Ester Nalwoga, Margaret Mpagi, Robinah Musoke, Annet Nasuuna, Fatuma Kabugo, sarah Semakula, Betty Nakato by Pearl Microfinance Limited in Uganda. We are excited to watch this business grow. Over the next 3 months, Pearl Microfinance Limited will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Lugazi, Uganda
Dec 16, 2008
Comment on this entry

Journal
 
Entrepreneur: Moses Kizito's Group
Location: Lugazi, Uganda

Kizito Moses is not so old in taking loans but he says that the few he has taken so far have done a lot of good to him, his business and his family. He is able to expand his salon with more sophisticated salon appliances and these are attracting more people every day as compared to his fellow competitors in the area. He hopes to work hard and buy a plot of land, build a house for his family and stop renting so as to save more.


Posted by Grace Nattoolo from Lugazi, Uganda
Jul 9, 2009
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Kiva Help Repayment Schedule for Moses Kizito's Group

  Expected Repayments Actual Repayments Comments
February 2009 $679.68 $679.68 Repayment Received
March 2009 $906.24 $906.24 Repayment Received
April 2009 $906.24 $906.24 Repayment Received
May 2009 $1,132.84 $1,132.84 Repayment Received