Mt Elgon Group


Status: Paid Back

$4,225.00   Loan Request
$4,225.00   Paid Back

About the Group

Group Name: Mt Elgon Group
Group Members: Charles Ludovic
Prisca Micheal
Stella Lekule
Joyce E. Mpogolo
Batuli Juma
Chrisanja Chuma
Zena Mpoki
Matilda Kaberege
Flora Emanuel
Rukia Swakali
Magret Mtunguja
Veila Macha
Simprisia Nkolokoti
Fatuma Matata (not pictured)
Jumanne Abdallah
Saidi Ibrahima
Elizabeth Juma (not pictured)
Location: Dar Es Salaam, Tanzania
Activity: Food Market

About the Loan

Loan Amount: $4,225.00
Loan Use: To open another chips place
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Mar 16, 2009
Date Disbursed: Mar 12, 2009
Date Funded:Mar 16, 2009
Loan Ended:Aug 15, 2009

About the Country

Country:Tanzania
Avg Annual Income:$723.00
Currency:Tanzania Shillings (TZS)
Exchange Rate:1,284.0000 TZS = 1 USD



Charles Ludovic is single. He is staying with his sister’s daughter. He sells chips at Mwenge. He started this business two months ago and works daily from 11am until 12pm. He is able to earn a monthly profit of around US$ 48.



This will be Charles’s 1st loan from Tujijenge Tanzania. He wants a loan to open another chips place.



Charles will share this loan with his loan group, Mt. Elgon, which totals 17 members. The members of the group hold each other accountable in paying back their loans. In the picture, Charles is 1st on the right behind standing in a white shirt.




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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John & Eva
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John and Georgia
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Journal entries for Mt Elgon Group


Loan has been disbursed
 
Entrepreneur: Mt Elgon Group
Location: Dar Es Salaam, Tanzania

Thank you for your loan. It has been disbursed to Mt Elgon Group, consisting of Charles Ludovic, Prisca Micheal, Stella Lekule, Joyce E. Mpogolo, Batuli Juma, Chrisanja Chuma, Zena Mpoki, Matilda Kaberege, Flora Emanuel, Rukia Swakali, Magret Mtunguja, Veila Macha, Simprisia Nkolokoti, Fatuma Matata, Jumanne Abdallah, Saidi Ibrahima, Elizabeth Juma by Tujijenge Tanzania Ltd in Tanzania. We are excited to watch this business grow. Over the 3 months of this loan, Tujijenge Tanzania Ltd will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Dar Es Salaam, Tanzania
Mar 17, 2009
Comment on this entry

He is doing well and is shows!
 
Entrepreneur: Mt Elgon Group
Location: Dar Es Salaam, Tanzania

Greetings from Tanzania! Thank you for supporting Charles Ludovic and the Mt Elgon group with a loan. With the loan Charles received, he started another chips sales business. With the increased stock his monthly profit rose from $48 to about $65! Charles uses the profit to continually increase the chips sales and house holding expenses. Charles and the Mt Elgon Group are very grateful for the loan and are thankful to everyone who has supported them.

To see other loans being fundraised by Tujijenge Tanzania, please click on the following link: http://www.kiva.org/app.php?page=businesses&partner_id=87&status=fundRaising&sortBy=New+to+Old&_tpg=fb


Posted by Rita Nyaborogo from Dar Es Salaam, Tanzania
Jul 22, 2009
Comments (1)

Kiva Help Repayment Schedule for Mt Elgon Group

  Expected Repayments Actual Repayments Comments
May 2009 $528.12 $528.12 Repayment Received
June 2009 $1,320.30 $1,320.30 Repayment Received
July 2009 $1,056.24 $1,056.24 Repayment Received
August 2009 $1,056.24 $1,056.24 Repayment Received
September 2009 $264.10 $264.10 Repayment Received