Sarah Nazziwa's Group

Status: Paid Back

$3,125.00		Loan Request
$3,125.00		Paid Back

About the Group

Group Name:	Sarah Nazziwa's Group
Group Members:	Sarah Nazziwa Anatoli Kakooza Logose Leeya Noer Sekabembe Steven Wandugwa Willy Kalyoowa Geofrey Muwankinde Jonathan Sajjabi Henry Kiwanuka Isaya Mwadeki Mike Konde
Location:	Lugazi, Uganda
Activity:	Food Production/Sales

About the Loan

Loan Amount:	$3,125.00
Loan Use:	To buy more produce for her customers.
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 16, 2008
Loan Ended:	Apr 15, 2009

About the Field Partner

Field Partner:

Pearl Microfinance Limited

Field Partner Risk Rating:

(Learn more)

Active

26 months

10752

$2,902,500

0.00%

0.00%

Currency Exchange Loss Rate:

0.00%

About the Country

Country:	Uganda
Avg Annual Income:	$1,700.00
Currency:	Uganda Shillings (UGX)
Exchange Rate:	2,000.1000 UGX = 1 USD

Nazziwa Sarah is 42 years old and a member of Pearl Microfinance in Lugazi. She has 7 children who are all in school and she cares for 3 more relatives. Sarah is a farmer. She also buys produce from other farmers, especially matooke, cassava, maize, and beans. She has been in this business for 8 years and ha been member of her lending group for 10 years. Her first loan helped her start to buy produce from fellow farmers. As a result, she has been able to construct a residential home as well as pay the school fees for her children. Sarah needs a loan to be able to buy more produce for her customers.

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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margaret
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Journal entries for Sarah Nazziwa's Group

Loan has been disbursed Entrepreneur: Sarah Nazziwa's Group Location: Lugazi, Uganda Thank you for your loan. It has been disbursed to the Sarah Nazziwa group, consisting of Sarah Nazziwa, Anatoli Kakooza, Logose Leeya, Noer Sekabembe, Steven Wandugwa, Willy Kalyoowa, Geofrey Muwankinde, Jonathan Sajjabi, Henry Kiwanuka, Isaya Mwadeki, Mike Konde 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 Lugazi, Uganda Dec 17, 2008
Comment on this entry

Journal Entrepreneur: Sarah Nazziwa's Group Location: Lugazi, Uganda Nazziwa Sarah is and has been a farmer always. Joining her lending group to take loans helped her so much from relying only on her farm output even during the poorest of seasons, where she resorted to buying from the farmers that were not usually affected by that particular season. She is now happy that the loans act as a booster enabling her to be a good planner business wise and having a variety to sell since she buys the produce that she does not have hence being able to sell almost all hence more profits.
Posted by Grace Nattoolo from Lugazi, Uganda Jul 9, 2009
Comment on this entry

Repayment Schedule for Sarah Nazziwa's Group

Show Advanced

	Expected Repayments	Actual Repayments	Comments
February 2009	$585.93	$585.93	Repayment Received
March 2009	$781.24	$781.24	Repayment Received
April 2009	$781.24	$781.24	Repayment Received
May 2009	$976.59	$976.59	Repayment Received