Kiwedde-amina Mohamad Group


Status: Paid Back

$400.00   Loan Request
$400.00   Paid Back

About the Group

Group Name: Kiwedde-amina Mohamad Group
Group Members: Bageya Nakisita
Rose Namaganda
Hajira Kauma
Amina Muhamad
Location: Pallisa, Uganda
Activity: Beauty Salon

About the Loan

Loan Amount: $400.00
Loan Use: Purchasing hair additions and treatments.
Repayment Term: 11 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jan 20, 2009
Date Disbursed: Jan 6, 2009
Date Funded:Jan 20, 2009
Loan Ended:Nov 15, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:1,974.0000 UGX = 1 USD



Nakisita Bageya (far left) is a 42 years old married of 4 children. Just like her group members, she is a hardworking hairdresser in Pallisa with skills in plaiting, weaving, braiding, retouch and treatment. The loan proceeds are enabling Bageya boost her 7 years business by purchasing hair additions and treatments.

Her profit margin lies at approximately 30% of the revenues. Her ambition is to open up a cereals store in her locality. It is the income from the business that pays for her children’s school fees.





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 Kiwedde-amina Mohamad Group


Loan has been disbursed
 
Entrepreneur: Kiwedde-amina Mohamad Group
Location: Pallisa, Uganda

Thank you for your loan. It has been disbursed to the Amina Muhamad group, consisting of Bageya Nakisita, Rose Namaganda, Hajira Kauma, Amina Muhamad 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 Pallisa, Uganda
Jan 21, 2009
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Kiva Help Repayment Schedule for Kiwedde-amina Mohamad Group

  Expected Repayments Actual Repayments Comments
March 2009 $30.00 $30.00 Repayment Received
April 2009 $40.00 $40.00 Repayment Received
May 2009 $50.00 $50.00 Repayment Received
June 2009 $40.00 $40.00 Repayment Received
July 2009 $40.00 $40.00 Repayment Received
August 2009 $50.00 $50.00 Repayment Received
September 2009 $40.00 $40.00 Repayment Received
October 2009 $40.00 $40.00 Repayment Received
November 2009 $50.00 $50.00 Repayment Received
December 2009 $20.00 $20.00 Repayment Received