Central B1-madina Group


Status: Paid Back

$550.00   Loan Request
$550.00   Paid Back

About the Group

Group Name: Central B1-madina Group
Group Members: Madina Nabirye
Teddy Nasali
Gorreti Muzale
Stella Kikayi
Location: Kibuli, Uganda
Activity: Grocery Store

About the Loan

Loan Amount: $550.00
Loan Use: Purchasing more sacks of Irish potatoes and matooke.
Repayment Term: 11 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jan 3, 2009
Date Disbursed: Dec 22, 2008
Date Funded:Jan 3, 2009
Loan Ended:Oct 15, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:1,941.0000 UGX = 1 USD



Nabirye Madina 29 is married with 4 children. Her husband is a mattress vendor in the city. Previously, she worked as a waitress, then 1 year ago, after saving some capital, she began selling Irish potatoes and matooke to customers in the Kikubwamutwe market. Every week she purchases an average of 10 sacks of Irish potatoes and 3 bags of matooke at the Owino market. A sack of potatoes goes for about Ush 55,000 from which she earns an average of Ush 15,000 as profit. Madina usually sells 1 bag of potatoes in 2 days.

The loan will help Madina increase her stock of Irish potatoes and matooke. She has earned the loyalty of her customers by ensuring quality products and customer courtesy. However, Madina’s dream is to sell second hand clothes in the Owino market. She also aspires to support her husband in building a modern residence for their family and also to send their children to good schools.




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

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William
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jeff

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Jess
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Anonymous
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Journal entries for Central B1-madina Group


Loan has been disbursed
 
Entrepreneur: Central B1-madina Group
Location: Kibuli, Uganda

Thank you for your loan. It has been disbursed to the Madina Nabirye group, consisting of Madina Nabirye, Teddy Nasali, Gorreti Muzale, Stella Kikayi 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 Kibuli, Uganda
Jan 4, 2009
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Kiva Help Repayment Schedule for Central B1-madina Group

  Expected Repayments Actual Repayments Comments
March 2009 $68.75 $68.75 Repayment Received
April 2009 $55.00 $55.00 Repayment Received
May 2009 $68.75 $68.75 Repayment Received
June 2009 $55.00 $55.00 Repayment Received
July 2009 $55.00 $55.00 Repayment Received
August 2009 $68.75 $68.75 Repayment Received
September 2009 $55.00 $55.00 Repayment Received
October 2009 $68.75 $68.75 Repayment Received
November 2009 $55.00 $55.00 Repayment Received