Mwanje Florence Group
Status: Paid Back
| $1,500.00 | Loan Request | |
|---|---|---|
| $1,500.00 | Paid Back |
About the Group
| Group Name: | Mwanje Florence Group |
|---|---|
| Group Members: |
Faith Mulira Florence Mwanje Jidah Nakazibwe flomera Nassazi |
| Location: | Kampala, Uganda |
| Activity: | Food Production/Sales |
About the Loan
| Loan Amount: | $1,500.00 |
|---|---|
| Loan Use: | Increase her stock |
| Repayment Term: | 7 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Mar 11, 2009 |
| Date Disbursed: | Mar 4, 2009 |
| Date Funded: | Mar 12, 2009 |
| Loan Ended: | Sep 17, 2009 |
About the Field Partner
About the Field Partner
|
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| Field Partner: | Micro Credit for Development and Transformation SACCO (MCDT SACCO) |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Pilot |
| Time On Kiva: | 20 months |
| Kiva Entrepreneurs: | 2127 |
| Total Loans: | $477,225 |
| 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: | 2,010.8000 UGX = 1 USD |
She sells dry beans and she does this in a shop she rents. She works six days a week. She sells her beans on a wholesale basis and she receives about five customers a day. She has done this business for eight years now and besides this she also makes liquid soap and sells it.
Her main challenges in this business are rainy seasons, which disrupt her business because the roads become impassable so she can't get transport for her beans easily, and price fluctuations that affect the prices of commodities.
She has been with MCDT for five years now and she has also been with her group for five years. She will use this loan to increase her stock.
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 Mwanje Florence Group
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Loan has been disbursed
Location: Kampala, Uganda
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Posted by
from Kampala, Uganda
Mar 13, 2009 |
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Comment on this entry
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Repayment Schedule for Mwanje Florence Group
Repayment Schedule for Mwanje Florence Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| May 2009 | $187.50 | $212.75 |  Repayment Received
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| June 2009 | $312.50 | $331.05 | Repayment Received
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| July 2009 | $250.00 | $0.00 | Repayment Received
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| August 2009 | $250.00 | $0.00 | Repayment Received
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| September 2009 | $312.50 | $768.70 | Repayment Received
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| October 2009 | $187.50 | $187.50 | Repayment Received
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