Mary Matovu's Group
Status: Paid Back
| $3,900.00 | Loan Request | |
|---|---|---|
| $3,900.00 | Paid Back |
About the Group
| Group Name: | Mary Matovu's Group |
|---|---|
| Group Members: |
Mary Matovu Robinah Nkugwa Maureen Nakigozi Magie Nakacwa Betty Kayongo Aisha Nansamba Grace Namakula Hafuswa Namagala Sarah Bukirwa Luyiga Nalongo Jane Nabbosa Madinah Nalwanga Hanifa Namwamira Sylivia Namwase |
| Location: | Kampala, Uganda |
| Activity: | General Store |
About the Loan
| Loan Amount: | $3,900.00 |
|---|---|
| Loan Use: | To purchase inventory. |
| Repayment Term: | 6 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Jan 25, 2009 |
| Date Disbursed: | Dec 29, 2008 |
| Date Funded: | Jan 26, 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: | 1,990.0000 UGX = 1 USD |
Matovu Mary is the chairperson of Tukolere wamu lending group in Masajja, Uganda. The group meets at her home. Mary has run a retail shop for over 9 years and the shop has never failed since she joined her group. Mary is a married lady with 6 children, 3 of whom are in school, and she cares for 4 dependents who are all in school. Her loans help her so much in her shop that she can pay the school fees and upkeep. She needs her portion of the group loan to help with restocking her shop with sugar, soap, salt, cooking oil, paraffin, eggs, and so much more .
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
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 Mary Matovu's Group
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Loan has been disbursed
Location: Kampala, Uganda
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Posted by
from Kampala, Uganda
Jan 27, 2009 |
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Comment on this entry
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Repayment Schedule for Mary Matovu's Group
Repayment Schedule for Mary Matovu's Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| March 2009 | $731.25 | $731.25 |  Repayment Received
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| April 2009 | $975.00 | $975.00 | Repayment Received
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| May 2009 | $1,218.75 | $1,218.75 | Repayment Received
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| June 2009 | $975.00 | $975.00 | Repayment Received
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