Nantaba Aisha Group


Status: Paid Back

$700.00   Loan Request
$700.00   Paid Back

About the Group

Group Name: Nantaba Aisha Group
Group Members: Nulu Nassali
Grace Nabakabya
Aisha Nantaba
Imelda Kengudo
Location: Kampala, Uganda
Activity: Food Market

About the Loan

Loan Amount: $700.00
Loan Use: increase stock
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Mar 14, 2009
Date Disbursed: Feb 27, 2009
Date Funded:Mar 15, 2009
Loan Ended:Sep 17, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:2,035.0000 UGX = 1 USD



Nantaba Aisha is forty-three years old. She is married with six children between the ages of twenty-three and five. She lives with her family in a two room house. She does not have access to piped water so she either buys water from others with piped water or she fetches from the stream. She has one meal a day and her greatest expenses are paying rent and feeding her family.

She sells Irish potatoes in the market where she rents a stall to display her potatoes. She works seven days a week.
She has run this business for over twenty years, receiving about twenty customers in a day. Her main challenge is that there are many others selling potatoes like her, so they have to share the customers.

Nantaba Aisha has worked with MCDT for twelve years now and she has received twenty-three loans from MCDT. She
chose to work with MCDT because their services were available nearby. She will use this loan to increase her supply of potatoes. She wants to be able to pay fees for her children until they complete school.






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 Nantaba Aisha Group


Loan has been disbursed
 
Entrepreneur: Nantaba Aisha Group
Location: Kampala, Uganda

Thank you for your loan. It has been disbursed to Nantaba Aisha Group, consisting of Nulu Nassali, Grace Nabakabya, Aisha Nantaba, Imelda Kengudo 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 16, 2009
Comments (2)

Kiva Help Repayment Schedule for Nantaba Aisha Group

  Expected Repayments Actual Repayments Comments
May 2009 $116.68 $128.20 Repayment Received
June 2009 $116.68 $48.15 Repayment Received
July 2009 $145.85 $0.00 Repayment Received
August 2009 $116.68 $0.00 Repayment Received
September 2009 $145.85 $465.33 Repayment Received
October 2009 $58.26 $58.32 Repayment Received