Nanfuka Edith Group


Status: Paid Back

$775.00   Loan Request
$775.00   Paid Back

About the Group

Group Name: Nanfuka Edith Group
Group Members: Sarah Babirye
Rehema Kyobula
Aisha Nabbanja
Edith Nanfuka
Location: Kampala, Uganda
Activity: Charcoal Sales

About the Loan

Loan Amount: $775.00
Loan Use: increase on her stock
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Mar 19, 2009
Date Disbursed: Feb 10, 2009
Date Funded:Mar 19, 2009
Loan Ended:Aug 15, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:1,970.0000 UGX = 1 USD



Edith Nanfuka is 45 years of age. She is single and has six children ages 13 to 23 years. She rents a one room house where she stays with her children. Her greatest expense in a month is paying the tuition fees for her children.
Edith sells charcoal to earn a living for herself and her family. She works six days a week and does her business from the market. She has about twenty customers a day.
Edith has done this kind of business for six years.
She has been a member of MCDT for four years and she has so far received eight loans. She has worked with her group for four years and she will use this loan to increase on her stock. Edith looks forward to expanding 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 Nanfuka Edith Group


Loan has been disbursed
 
Entrepreneur: Nanfuka Edith Group
Location: Kampala, Uganda

Thank you for your loan. It has been disbursed to Nanfuka Edith Group, consisting of Sarah Babirye, Rehema Kyobula, Aisha Nabbanja, Edith Nanfuka by Micro Credit for Development and Transformation SACCO (MCDT SACCO) in Uganda. We are excited to watch this business grow. Over the 5 months of this loan, Micro Credit for Development and Transformation SACCO (MCDT SACCO) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Kampala, Uganda
Mar 20, 2009
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Kiva Help Repayment Schedule for Nanfuka Edith Group

  Expected Repayments Actual Repayments Comments
May 2009 $226.03 $161.46 Repayment Received
June 2009 $129.16 $108.49 Repayment Received
July 2009 $129.16 $0.00 Repayment Received
August 2009 $161.45 $0.00 Repayment Received
September 2009 $129.20 $505.05 Repayment Received