Lufuka C-nansuna Sarah Group


Status: Paid Back

$850.00   Loan Request
$850.00   Paid Back

About the Group

Group Name: Lufuka C-nansuna Sarah Group
Group Members: Sarah Nansuna
Zamu Kagimu
Hawa Nakalembe
Harriet Nakanywagi
Teddy Kirabo
Location: Zanna, Uganda
Activity: Charcoal Sales

About the Loan

Loan Amount: $850.00
Loan Use: To purchase more sacks of charcoal to sell.
Repayment Term: 11 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Dec 21, 2008
Date Disbursed: Dec 2, 2008
Date Funded:Dec 22, 2008
Loan Ended:Oct 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



Sarah Nansuna is 32 years old. She was formerly a waitress in the Speke Hotel Kampala. She now operates a restaurant and a charcoal selling stall in Lufuka. She earns a weekly profit of at least UGX 80,000 from both businesses, which have been in operation since 2004. From her profits she settles her rent bills at the rate of UGX 60,000. Sarah is using the loan to purchase more sacks of charcoal to boost her charcoal selling business. Her strength in business is the ability to attract new customers while retaining old customers by offering them quality services.



However, she is not contented with these businesses because her dream is to run a wholesale shop of fast moving consumer goods. She hopes that by achieving her dream, she will be in position to set up a modern residence for her family and also see her children through best schools. She is a loving mother of four and also a caring guardian to her late brother's two children. Her loving husband is a businessman in the clothing sector and has always supported her in the businesses.






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

Joe & Kathy
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* WISH *
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Sarah
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Alice
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Annie
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Daniel & Leah
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Anonymous
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Melissa
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Rolf
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Danielle LaPorte
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Aleesha
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Janet
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Anonymous

The WestBest Wedding
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Leif
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Elizabeth
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Anonymous

Anonymous
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Joy
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Lucinda
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Justin
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vicky
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Dcengr
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Journal entries for Lufuka C-nansuna Sarah Group


Loan has been disbursed
 
Entrepreneur: Lufuka C-nansuna Sarah Group
Location: Zanna, Uganda

Thank you for your loan. It has been disbursed to the Sarah Nansuna group, consisting of Sarah Nansuna , Zamu Kagimu , Hawa Nakalembe , Harriet Nakanywagi, Teddy Kirabo by BRAC Uganda in Uganda. We are excited to watch this business grow. Over the 9 months of this loan, BRAC Uganda will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Zanna, Uganda
Dec 23, 2008
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Kiva Help Repayment Schedule for Lufuka C-nansuna Sarah Group

  Expected Repayments Actual Repayments Comments
February 2009 $85.00 $85.00 Repayment Received
March 2009 $85.00 $85.00 Repayment Received
April 2009 $85.00 $85.00 Repayment Received
May 2009 $106.25 $106.25 Repayment Received
June 2009 $85.00 $85.00 Repayment Received
July 2009 $85.00 $85.00 Repayment Received
August 2009 $106.25 $106.25 Repayment Received
September 2009 $85.00 $85.00 Repayment Received
October 2009 $85.00 $85.00 Repayment Received
November 2009 $42.50 $42.50 Repayment Received