Erick Kitaka's Group
Status: Paid Back
| $4,775.00 | Loan Request | |
|---|---|---|
| $4,775.00 | Paid Back |
About the Group
| Group Name: | Erick Kitaka's Group |
|---|---|
| Group Members: |
Erick Kitaka Muhammed Ndimubangi Kasimu Sengooba Betty Namivule James Kamuli Tadeo Sendi Yasin Kayemba Godfrey Katende Rehema Nambi Richard Katongole Harriet Mwesigwa Fortunate Nakirijja |
| Location: | Mityana, Uganda |
| Activity: | Agriculture |
About the Loan
| Loan Amount: | $4,775.00 |
|---|---|
| Loan Use: | Labor (manpower) on his farm and buy more produce from other farmers to sell |
| Repayment Term: | 6 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Jan 16, 2009 |
| Date Disbursed: | Dec 16, 2008 |
| Date Funded: | Jan 16, 2009 |
| Loan Ended: | May 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: | 10718 |
| Total Loans: | $2,893,675 |
| 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: | 1,950.0000 UGX = 1 USD |
Kitaka Erick is the leader of his group in Mityana. He is a very hardworking man and married with eight children. He also cares for three other dependants. Erick sells the produce that he grows, specifically matooke, maize, beans, cassava and sweet potatoes. He sells his products as both a wholesaler and retailer. He also buys from other farmers to increase the quantity that he can sell; he figures that the more he has, the more he will sell.
On his plantations, he works hand-in-hand with his wife and his employees. They work together to produce high quality food products quickly. Erick would like to get another loan to help with his labor on the farm and buy more produce from other farmers.
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
On his plantations, he works hand-in-hand with his wife and his employees. They work together to produce high quality food products quickly. Erick would like to get another loan to help with his labor on the farm and buy more produce from other farmers.
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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April
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Anita
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Vítor
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Andreas Dittes
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Richard
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ginny
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Eitan
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Bluevegman
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Anonymous
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barry
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Randi & Richard
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Frank
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Russell
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Ed and Margo
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Roshini and Christopher
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Sue
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Hugh
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Ty Ovendale
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Ronald
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Mia
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Joanne
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andy
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anita
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Ann
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Colleen
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Alma
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Percy
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Christopher
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Terry T
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David Gonzalez
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Anonymous
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Ninad
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Jari-Pekka
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Jared
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Rebecca
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Martin
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Edgar
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Jim
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Andreas Doppelmayr
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Mary
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David
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Harold
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Anonymous
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William
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Tim
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Don
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Pat & Doug
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Dan
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Todd
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Patricia
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Matt
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Heidi Swanson
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Albert & Celeste
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Brian
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Curt
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Vicky
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Howdy
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David
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David
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Wayne
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Susan
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Sherry
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Jeanie
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Megan
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Amanda
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Erin
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Luke Fitzgerald
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Martin
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Chris
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Matt
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Tracey
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Malcolm
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Mark & Ieleke
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Stacy
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Lloyd
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Cordelia
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Andy & Chiara
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Suresh
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Andy and Serenity
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Michael
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Craig
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Mikhail and Oksana
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Tony
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Sharon
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Ned
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Edie
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Chamsi
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Tina & Bill
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Jeff
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Dan
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Top Lending Teams for this group
Journal entries for Erick Kitaka's Group
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Loan has been disbursed
Location: Mityana, Uganda
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Posted by
from Mityana, Uganda
Jan 17, 2009 |
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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
Nov 5, 2009 |
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Comment on this entry
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Repayment Schedule for Erick Kitaka's Group
Repayment Schedule for Erick Kitaka's Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| March 2009 | $1,790.64 | $1,790.63 |  Repayment Received
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| April 2009 | $1,193.76 | $1,193.76 | Repayment Received
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| May 2009 | $1,492.20 | $1,492.20 | Repayment Received
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| June 2009 | $298.40 | $298.41 | Repayment Received
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