Kararaka- Mudondo Faisi Group
Status: Paid Back
| $875.00 | Loan Request | |
|---|---|---|
| $875.00 | Paid Back |
About the Group
| Group Name: | Kararaka- Mudondo Faisi Group |
|---|---|
| Group Members: |
Faisi Mudondo Diana Tusa Magidu Nalongo Aisha Naisonga Alice Kyakumaiso |
| Location: | Pallisa, Uganda |
| Activity: | Liquor Store / Off-License |
About the Loan
| Loan Amount: | $875.00 |
|---|---|
| Loan Use: | To purchase millet and sweet banana. |
| Repayment Term: | 11 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 |
| Loan Ended: | Nov 15, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | BRAC Uganda |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 23 months |
| Kiva Entrepreneurs: | 8428 |
| Total Loans: | $2,317,800 |
| 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: | 1,974.0000 UGX = 1 USD |
Faisi Mudondo (far right) represents a kararaka group of local brewers. She is 44 years old. Faisi brews kasese and ajong which she sells to bartenders. She has 20 years of experience in brewing ajong from millet and kasese from extremely ripe bananas. From her sales, she earns a profit of roughly 30%.
The loan proceeds are enabling Faisi to purchase millet and sweet bananas, the major ingredients for her brew. She is a guardian to 10 of her late brother’s children. Faisi dreams of opening up a bar in Pallisa. Her desire is to see her children complete school.
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
The loan proceeds are enabling Faisi to purchase millet and sweet bananas, the major ingredients for her brew. She is a guardian to 10 of her late brother’s children. Faisi dreams of opening up a bar in Pallisa. Her desire is to see her children complete school.
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
William
Washington, DC
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Christopher
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Nancy
Redwood City, CA
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Tushita
kirkland, WA
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Alison and Ron
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Phil
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Edward
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Scott Carl
Bryn Mawr, PA
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Caleb
New Orleans, LA
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Patricia
Woodbury, CT
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Rick
Kirkland, WA
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Peter
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Jesse
New York, NY
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Suzi
London, London
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Tom
Los Angeles, CA
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GrassHopper
Hinsdale, IL
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Sharon
Durango, CO
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Don
San Francisco, CA
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Fredrick
Pittsburgh, PA
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jane
Oakland, CA
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Victoria
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Carla
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JoAnn
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Matthew
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Rebecca
Readfield, ME
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Martin
Mount Airy, MD
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Ruth
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Andy and Serenity
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Esben
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Sweden
Amanda
Santa Cruz, CA
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Randall
Beaufort, SC
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Anonymous
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Rebecca
lexington, MA
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Top Lending Teams for this group
Atheists, Agnostics, Skeptics, Freethinkers, Secular Humanists and the Non-Religious
Common Interest
7041 Members
Journal entries for Kararaka- Mudondo Faisi Group
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Loan has been disbursed
Location: Pallisa, Uganda
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Posted by
from Pallisa, Uganda
Jan 17, 2009 |
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Comment on this entry
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Repayment Schedule for Kararaka- Mudondo Faisi Group
Repayment Schedule for Kararaka- Mudondo Faisi Group
| Expected Repayments | Actual Repayments | Comments | |||
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| March 2009 | $65.64 | $65.61 |  Repayment Received
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| April 2009 | $87.52 | $87.48 | Repayment Received
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| May 2009 | $109.40 | $109.35 | Repayment Received
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| June 2009 | $87.52 | $87.48 | Repayment Received
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| July 2009 | $87.52 | $87.52 | Repayment Received
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| August 2009 | $109.40 | $109.40 | Repayment Received
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| September 2009 | $87.52 | $87.68 | Repayment Received
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| October 2009 | $87.52 | $87.52 | Repayment Received
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| November 2009 | $109.40 | $109.40 | Repayment Received
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| December 2009 | $43.56 | $43.56 | Repayment Received
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