Najjanakumbi B -justine Group


Status: Paid Back

$750.00   Loan Request
$750.00   Paid Back

About the Group

Group Name: Najjanakumbi B -justine Group
Group Members: Justine Nakasule
Immaculate Nabbosa
Mariam Nakiyimba
Rosina Mbabazi
Location: Zanna, Uganda
Activity: Clothing Sales

About the Loan

Loan Amount: $750.00
Loan Use: Purchase dresses for re-sale
Repayment Term: 11 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Dec 19, 2008
Date Disbursed: Dec 2, 2008
Date Funded:Dec 19, 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



Justine Nakasule is a polite and ambitious businesswoman. She is 27 years old and single. Justine is a loving and caring guardian to 7 orphans (her nephews and nieces). She runs a boutique offering trendy ladies' outfits, including some cosmetics. In good times, she can make daily sales of approximately Ush 150,000 from which she earns a weekly profit of approximately Ush 250,000. She is using the loan proceeds for purchasing some dresses to add to her stock of skirts and blouses.



At the university, Justine pursued a Bachelor's of Science in social anthropology. However, due to the the limited employment opportunities in the country, she opted for business and this has enabled her to provide for the children in her care.



Alice has big dreams, however! She looks forward to travelling one day to Dubai and Hongkong to purchase stock which she will in turn sell to retailers on a wholesale basis. She hopes that with a positive turn of business, she will see these orphans through school successfully.



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 Najjanakumbi B -justine Group


Loan has been disbursed
 
Entrepreneur: Najjanakumbi B -justine Group
Location: Zanna, Uganda

Thank you for your loan. It has been disbursed to the Justine Nakasule group, consisting of Justine Nakasule, Immaculate Nabbosa, Mariam Nakiyimba, Rosina Mbabazi 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 20, 2008
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Kiva Help Repayment Schedule for Najjanakumbi B -justine Group

  Expected Repayments Actual Repayments Comments
February 2009 $75.00 $75.00 Repayment Received
March 2009 $75.00 $75.00 Repayment Received
April 2009 $75.00 $75.00 Repayment Received
May 2009 $93.75 $93.75 Repayment Received
June 2009 $75.00 $75.00 Repayment Received
July 2009 $75.00 $75.00 Repayment Received
August 2009 $93.75 $93.75 Repayment Received
September 2009 $75.00 $75.00 Repayment Received
October 2009 $75.00 $75.00 Repayment Received
November 2009 $37.50 $37.50 Repayment Received