John Frank Kagundu


Status: Paying Back

$1,050.00   Loan Amount
75% repaid

About the Entrepreneur

Name: John Frank Kagundu
Location: Ntungamo, Uganda
Activity: Personal Housing Expenses

About the Loan

Loan Amount: $1,050.00
Loan Use: To renovate the lodge and also purchase more comfortable beds and mattresses.
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jan 16, 2009
Date Disbursed: Jan 6, 2009
Date Funded:Jan 16, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:1,950.0000 UGX = 1 USD



John Frank Kagundu set up his lodge in Ntungamo 20 years ago. To meet the changing tastes and preferences of his customers, he is using the loan to renovate the lodge and also purchase more comfortable beds and mattresses. He is 55 years old, married with 6 children of whom 2 are still in school. His dream is to open up an attractive modern hotel within his locality.



About Housing Loans
Many poor families are financially unable to purchase a house that meets their needs. Housing loans funded on Kiva give families access to capital to improve their homes and an opportunity to pay loans back at a pace that they can handle. The housing and small business loans featured on Kiva share a common purpose: they alleviate conditions of poverty and enable families to lead more stable lives. Learn more

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Journal entries for John Frank Kagundu


Loan has been disbursed
 
Entrepreneur: John Frank Kagundu
Location: Ntungamo, Uganda

Thank you for your loan. It has been disbursed to John Frank Kagundu by BRAC Uganda in Uganda. We are excited to watch this business grow. Over the 11 months of this loan, BRAC Uganda will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Ntungamo, Uganda
Jan 17, 2009
Comment on this entry

Kiva Help Repayment Schedule for John Frank Kagundu

  Expected Repayments Actual Repayments Comments
April 2009 $87.50 $87.50 Repayment Received
May 2009 $87.50 $87.50 Repayment Received
June 2009 $87.50 $87.50 Repayment Received
July 2009 $87.50 $87.50 Repayment Received
August 2009 $87.50 $87.50 Repayment Received
September 2009 $87.50 $87.50 Repayment Received
October 2009 $87.50 $87.50 Repayment Received
November 2009 $87.50 $87.50 Repayment Received
December 2009 $87.50 $87.50 Repayment Received
January 2010 $87.50 Available Jan 1  
February 2010 $87.50 Available Feb 1  
March 2010 $87.50 Available Mar 1