Nantume Kasfa Group


Status: Paid Back

$1,150.00   Loan Request
$1,150.00   Paid Back

About the Group

Group Name: Nantume Kasfa Group
Group Members: Robinah Namwebe
Edith Nanyanga
Edith Nabwire
sauda Zula
Kasfa Nantume
Location: Kampala, Uganda
Activity: Fruits & Vegetables

About the Loan

Loan Amount: $1,150.00
Loan Use: increase on stock
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 1, 2009
Date Disbursed: Feb 25, 2009
Date Funded:Apr 3, 2009
Loan Ended:Sep 15, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:2,010.8000 UGX = 1 USD



Nantume Kasfa, is 45 years of age she is married with seven children .she rants a one roomed house where she leaves with her children
She does take care of extended family her grand child.
Her greatest expenses in a month are feeding and rent for the house.
She sells ripe bananas in the market. She receives about 10 customers a day.
And she has done this business for over for years now
Her challenges are the price fluctuations for commodities which in turn force her to raise the prices of her bananas
She has been with MCDT for over 3 years and this is her 6th loan.
she wants to use this loan to buy more bananas for sell,
and she would like to expand her business given the capital.





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 Nantume Kasfa Group


Loan has been disbursed
 
Entrepreneur: Nantume Kasfa Group
Location: Kampala, Uganda

Thank you for your loan. It has been disbursed to Nantume kasfa Group, consisting of Robinah Namwebe, Edith Nanyanga, Edith Nabwire, sauda Zula, Kasfa Nantume 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
Apr 4, 2009
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Kiva Help Repayment Schedule for Nantume Kasfa Group

  Expected Repayments Actual Repayments Comments
June 2009 $431.28 $469.95 Repayment Received
July 2009 $191.68 $0.00 Repayment Received
August 2009 $239.60 $0.00 Repayment Received
September 2009 $191.68 $584.23 Repayment Received
October 2009 $95.76 $95.82 Repayment Received