Kibalama Gorreti Group


Status: Paid Back

$975.00   Loan Request
$975.00   Paid Back

About the Group

Group Name: Kibalama Gorreti Group
Group Members: Berna Kasoma
Gorreti Kibalama
Justine kizza
Sarah Mukasa
Location: Kampala, Uganda
Activity: Tailoring

About the Loan

Loan Amount: $975.00
Loan Use: To buy materials for sale.
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Feb 27, 2009
Date Disbursed: Feb 12, 2009
Date Funded:Feb 28, 2009
Loan Ended:Aug 19, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:1,965.0000 UGX = 1 USD



Gorreti Kibalama is 50 years of age and married with six children. She rents a four-room house together with her family. She also cares for additional family members. Gorreti has three meals a day and her greatest expense is school tuition for her children.



She is a tailor in a shop that she rents in town. She works seven a days a week and she normally receives about two customers a day. Most of her customers are women. She has done this work for over 12 years now. The challenge she faces in her business is that her customers come seasonally, mainly during festive seasons.



Gorreti has worked MCDT for five years now and chose MCDT because it was lending money to the poor. She hopes to use the loan to buy materials for sale and she also wants to expand her business.








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 Kibalama Gorreti Group


Loan has been disbursed
 
Entrepreneur: Kibalama Gorreti Group
Location: Kampala, Uganda

Thank you for your loan. It has been disbursed to KIBALAMA GORRETI Group, consisting of Berna Kasoma, Gorreti Kibalama, Justine kizza, Sarah Mukasa by Micro Credit Development Trust SACCO (MCDT) in Uganda. We are excited to watch this business grow. Over the 3 months of this loan, Micro Credit Development Trust SACCO (MCDT) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Kampala, Uganda
Mar 1, 2009
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Kiva Help Repayment Schedule for Kibalama Gorreti Group

  Expected Repayments Actual Repayments Comments
May 2009 $365.64 $716.88 Repayment Received
June 2009 $304.70 $168.31 Repayment Received
July 2009 $243.76 $0.00 Repayment Received
August 2009 $60.90 $0.00 Repayment Received
September 2009 $0.00 $89.81