Madinah Namuddu's Group
Status: Paying Back
| $2,400 |
Loan Request
Pre-Disbursed
: Sep 18, 2009
Listed: Oct 4, 2009
Funded: Oct 6, 2009
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81% repaid
About the Field Partner
| Pearl Microfinance Limited administers this loan. Learn more | |||||||
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| Field Partner: | Pearl Microfinance Limited | ||||||
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| Field Partner Risk Rating: | |||||||
| Fundraising Status: | Active | ||||||
| Time on Kiva: | 29 months | ||||||
| Kiva Entrepreneurs: | 13265 | ||||||
| Total Loans: | $3,447,725 | ||||||
| Interest & Fees are Charged: | Yes (Learn more) | ||||||
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| Delinquency Rate: | 0.00% | ||||||
| Default Rate: | 0.00% | ||||||
| Currency Exchange Loss Rate: | 0.00% | ||||||
| More on this field partner >> | |||||||
About the Country
| Country: | Uganda |
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| Avg Annual Income: | $1,700 |
| Currency: | Uganda Shillings (UGX) |
| Exchange Rate: | 1,930.0000 UGX = 1 USD |
In this Group:
Madinah Namuddu, Grace Tumusiime, Teo Nekesa, Margaret Kisarali, Brian Rukundo, Frank Mugera
Madinah Namuddu, Grace Tumusiime, Teo Nekesa, Margaret Kisarali, Brian Rukundo, Frank Mugera
About the Loan
| Location: | Kampala, Uganda | Repayment Term: | 6 months (more info) |
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| Activity: | Farm Supplies | Repayment Schedule: | Monthly | |
| Loan Use: | Buying more produce for resale. | Currency Exchange Loss: | Possible | |
| Default Protection: | Not Covered |
Namuddu Madinah is a 45 year old female and married with 6 children aged 25 – 3 years as she takes care of 5 dependants. She is a business lady involved in the sale of cereals fresh from the villages and she sells from Owino market for 20 years. She is able to make 200,000/= a week as profits and this is mostly attached to her good customer care skills and having loans that increase her capital base all these years. Madinah has a dream of having to see her business boom as well as having an educated family that will be self reliant in future. Madinah needs a loan to help buy more produce like beans, Irish potatoes, cabbages and so on for resale.
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
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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Summer
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Top Lending Teams for this group
Atheists, Agnostics, Skeptics, Freethinkers, Secular Humanists and the Non-Religious
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8243 Members
Journal entries for Madinah Namuddu's Group
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Loan has been disbursed
Location: Kampala, Uganda
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Posted by
from Kampala, Uganda
Oct 7, 2009 |
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Comment on this entry
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Repayment Schedule for Madinah Namuddu's Group
Repayment Schedule for Madinah Namuddu's Group
| Expected Repayments | Actual Repayments | Comments | |||
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| December 2009 | $750.00 | $750.00 |  Repayment Received
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| January 2010 | $600.00 | $600.00 | Repayment Received
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| February 2010 | $600.00 | $600.00 | Repayment Received
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| March 2010 | $450.00 | Available Mar 1 | |||
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