Prossy Lutaaya’s Group

Status: Paid Back

$1,125	Loan Request Disbursed : Nov 9, 2008 Listed: Oct 26, 2008 Funded: Oct 26, 2008
$1,125	Paid Back Ended: Jun 15, 2009

About the Field Partner

Micro Credit for Development and Transformation SACCO (MCDT SACCO) administers this loan. Learn more

Field Partner:

Micro Credit for Development and Transformation SACCO (MCDT SACCO)

Field Partner Risk Rating:

(Learn more)

Fundraising Status:

Pilot

Time on Kiva:

22 months

Kiva Entrepreneurs:

2249

Total Loans:

$517,600

Interest & Fees are Charged:

Yes (Learn more)

Portfolio Yield:	62%
Profitability (Return on Assets):	-18%
Average Loan Size (% of Per Capita Income):	28%

Delinquency Rate:

0.00%

Default Rate:

0.00%

Currency Exchange Loss Rate:

0.00%

About the Country

Country:	Uganda
Avg Annual Income:	$1,700
Currency:	Uganda Shillings (UGX)
Exchange Rate:	1,985.0000 UGX = 1 USD

In this Group:
Prossy Lutaaya, Afiswa Namutebi, Justine Nankya, Agnes Nalubowa, Hanifa Nansubuga

About the Loan

Location:	Kampala, Uganda	Repayment Term:	8 months (more info)
Activity:	Poultry	Repayment Schedule:	Monthly
Loan Use:	increase her working capital	Currency Exchange Loss:	Covered
		Default Protection:	Covered

Prossy is the leader of a 5-member group. She is a 30-year-old married woman with 3 children aged between 10 and 3 years. All three children go to school. Prossy doesn’t take care of any additional family members. She is a very responsible member within her group. She resides in a six-room house where she is staying with six people. They have electricity and piped water at home.

The family gets three meals a day. Prossy resides and works in a semi-urban area which is on the outskirts of Kampala. Prossy has a poultry farm at her home. She has at least 350 birds on her farm and she gets 10 trays of eggs daily. She sells to all categories of people, both wholesale and retail.

Prossy receives an average of 20 customers a day. Her main challenges are poultry diseases and thieves. Prossy works seven days a week and has been with MCDT for nine years, servicing her eighteenth loan. She wants to use this loan to expand her business and aspires to having 800 birds.

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

Lenders to this group

Jennie

United States

Rob Barg
New York, NY
United States

Riun
The Woodlands, TX
United States

Megan
Chicago, IL
United States

Anonymous

Gail
Milwaukee, WI
United States

Cathi
Angels Camp, California
United States

Time 2 Trade
Valencia, Valencia
Spain

Gabriel
Toronto, Ontario
Canada

Joseph Taggart
Taylorsville, UT
United States

Jessie
Dallas, TX
United States

Ann, Arnie & Izzy
New York, NY
United States

Hill
Summit, NJ
United States

The Lorax
Miami, FL
United States

Christiansen Family
Spanish Fork, UT
United States

Val
Tonawanda, NY
United States

Virgil & Karen
Richmond, VA
United States

ROBERT
tucson, AZ
United States

Chris Major
Fort Lauderdale, FL
United States

Gloria
Long Island City, NY
United States

Anonymous
Basking Ridge, NJ
United States

Dave@Sharon
Guernsey, Channel Islands
United Kingdom

CCC-Kelowna
Kelowna, British Columbia
Canada

Drayken
Cleveland, OH
United States

Bill
Taiping, Perak
Malaysia

Anonymous
Menlo Park, CA
United States

Ann B. Beeder M.D.
New York, NY
United States

Kristen
Lakewood, OH
United States

kady and karl

Blanche
Kiel, WI
United States

Barbara
Loganville, GA
United States

Rick & Susan
Squamish, British Columbia
Canada

Jason
Paynes Creek, CA
United States

Maria & Sophie
Menlo Park, CA
United States

Top Lending Teams for this group

GLBT (Gay, Lesbian, Bisexual, Transgender) Kivans & Friends
Common Interest
1921 Members

Bright Green House
Friends
5 Members

Team Z
Colleges/Universities
1 Member

UNIVERSITY of UTAH
Colleges/Universities
50 Members

Team Obama
Common Interest
2964 Members

Journal entries for Prossy Lutaaya’s Group

Loan has been disbursed Entrepreneur: Prossy Lutaaya’s Group Location: Kampala, Uganda Thank you for your loan. It has been disbursed to the Prossy Lutaaya’s Group group, consisting of Prossy Lutaaya, Afiswa Namutebi, Justine Nankya, Agnes Nalubowa, Hanifa Nansubuga by Micro Credit Development Trust SACCO (MCDT) in Uganda. We are excited to watch this business grow. Over the next 6 months, Micro Credit Development Trust SACCO (MCDT) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by from Kampala, Uganda Nov 10, 2008
Comment on this entry

JOURNAL Entrepreneur: Prossy Lutaaya’s Group Location: Kampala, Uganda On a resent visit to prossy’s business by the loans officer the found prossy doing well in her business Rosy who runs a retail shop used the loan she received from MCDT to increase on business She also used part of it to buy more working assets. The only complained she has is that of lack off enough working capital. She decided on this type of business because she had formerly tried poultry and all her hens died so she thought a retail shop was a safe way to do business Since joining MCDT she has mange to expand on her business she has also purchased o refrigerator and started selling cold drinks to her customers All her children now are able to go to school She is able to meet the basic needs of her family prossy hopes that she is able to continue increasing on her stork she also wants to build a big house for her family.
Posted by Olivia Kayongo from Kampala, Uganda Feb 16, 2009
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Repayment Schedule for Prossy Lutaaya’s Group

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	Expected Repayments	Actual Repayments	Comments
February 2009	$187.50	$187.50	Repayment Received
March 2009	$187.50	$187.50	Repayment Received
April 2009	$187.50	$187.50	Repayment Received
May 2009	$187.50	$187.50	Repayment Received
June 2009	$187.50	$187.50	Repayment Received
July 2009	$187.50	$187.50	Repayment Received