Karungi Development Group1
Status: Paid Back
| $5,000.00 | Loan Request | |
|---|---|---|
| $5,000.00 | Paid Back |
About the Group
| Group Name: | Karungi Development Group1 |
|---|---|
| Group Members: |
Stanley Kasibayo Stella Kyarigonza Luciano Butwoguwe Isaac Tugume Lawrence Saturday Rose kabagweri Gloria Binomugisha Justine Muganda Mestario Baguma Annet Binomugisha Rachael Alinde Alice Katuramu Georgina Mugisha |
| Location: | Mityana, Uganda |
| Activity: | Animal Sales |
About the Loan
| Loan Amount: | $5,000.00 |
|---|---|
| Loan Use: | buying more cows for his business |
| Repayment Term: | 6 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Dec 16, 2008 |
| Date Disbursed: | Nov 18, 2008 |
| Date Funded: | Dec 19, 2008 |
| Loan Ended: | Apr 15, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | Pearl Microfinance Limited |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 26 months |
| Kiva Entrepreneurs: | 10752 |
| Total Loans: | $2,902,500 |
| Delinquency Rate: | 0.00% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Uganda |
|---|---|
| Avg Annual Income: | $1,700.00 |
| Currency: | Uganda Shillings (UGX) |
| Exchange Rate: | 2,000.1000 UGX = 1 USD |
Stanley Kasibayo is a member of Karungi Development Group 1 in Mityana. He is a businessman involved in the sale of cattle that he buys from the locals and sells to buyers in the daily markets as well as transporting some of them to Kampala where he is able to sell them at a much higher price.
Stanley has been in this business for such a long time; joining his lending group was to revive his business and buy more good-looking cows that are able to bring in much revenue. Stanley has a plan of including the sale of goats and sheep in addition to the cows since there is a market for them. He needs another loan for buying cows for slaughter during and after the festive season.
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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Amin
Tehran, Tehran
Iran, Islamic Republic of
Tom
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Tom
Atlanta, GA
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Keith
Melbourne, Victoria
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John
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Dan
Urbandale, IA
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Douglas
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Steven
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Andreas Dittes
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Monica
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Himavat
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Miyoung
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Dale
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Chance
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scchiang
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Frédric
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Anita
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Dirk L.
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Koos
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LTE
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A&U
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Bill
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Anonymous
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Richy Li
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Donna
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Yi-An and Kristin
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Anonymous
Ryan
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Phil
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Brandon
Spokane, WA
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Chris
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Anonymous
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Bruce Chou
Oakdale & Los Angeles & San Jose, CA
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Liz
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Kenneth
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Jean
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Alex
Renton, WA
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Nazaret
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Sam Snyder
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Vic
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Aviva and David
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John
AUCKLAND, NEW ZEALAND
New Zealand
howard and maureen
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Olimi
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Andrea and Wouter
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James
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Shannon
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Jo & Lee
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John
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Herndon, Virginia
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james
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David
Lake Oswego, OR
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Bryan
Ann Arbor, MI
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Oisín
London, England
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Frank
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Anonymous
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mirabella
silver spring, MD
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Adrian Liston
Leuven, Flemish Brabant
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Lamont
Seattle, WA
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Billy
Glasgow, Scotland
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Carl
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Anonymous
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Downsville, LA
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Brad Haddin
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Patricia
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Stella
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beth
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George
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YORKTOWN, VA
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Allan & Molly
Ryderwood, WA
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Mogo
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Mary Jane
Chicago, IL
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Ian & Kelly
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Tony
Sausalito, CA
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Manja
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Charlottesville, VA
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James Yeang
Kuala Lumpur,
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Mike
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Dan
Burlington, VT
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Laurent D
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William
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Amanda
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Manchester, Greater Manchester
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Tayo
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Dusan
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Heber
Mexico City, D.F.
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Joe
Torrance, CA
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Max and Emy
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Journal entries for Karungi Development Group1
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Loan has been disbursed
Location: Mityana, Uganda
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Posted by
from Mityana, Uganda
Dec 20, 2008 |
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Comment on this entry
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Journal
Location: Mityana, Uganda
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Posted by
Grace Nattoolo from Mityana, Uganda
Jul 9, 2009 |
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Comment on this entry
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Repayment Schedule for Karungi Development Group1
Repayment Schedule for Karungi Development Group1
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| February 2009 | $1,875.00 | $1,875.00 |  Repayment Received
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| March 2009 | $1,250.00 | $1,250.00 | Repayment Received
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| April 2009 | $1,250.00 | $1,250.00 | Repayment Received
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| May 2009 | $625.00 | $625.00 | Repayment Received
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