Business Name:Akello Madellena small scale business

Location:Layibi Market Gulu.

Partner: http://LifeInAfrica.com (WE center Kampala)

Partner Reps: Okello morris Barry and Grace Ayaa

Enterprenuer : Akello Madellena

Activity: Small scale retail business

Loan Amount: 250,000/=

Loan Use: business expansion

Loan term: 3 month

Loan description:

Akello Madellena she is 45 years old woman, born from Anaka village Amuru district. where she even grew from,she is un educated woman. She is marriage and has eight children , at the moment she is living at Layibi Kolo quoter together with the hasband who is a teacher by profession.

In reality she is the resident of Purongo village where she got marriage from. She is now working with Life in Africa in the production of paper beads. Whereby at the end of every month she earn some money from paper beads selling at list 70000/= per month. She is also has a stool for selling dry fish at Layibi market.

She need to borrow the loan of 250000/= .To add onto her business whereby she may also move upto Akokoro where the prices of fish are low. So that she could earn much profit. Which will help her after three month cultivation of crops.

Below is her business budget for 250,000/=

4 empty sacks .............4000/=

1 Basin...................3000/=

5 cups.....................2500/=

Market due..............9000/=

Store........................21500/=

Transport.................30,000/=

Simsim 1 sack...........90,000/=

Peas 1 sack................90,000/=

Total.............................250,000/=

The loan description does not make sense. Is she buying more fish or simsim? is she growing the simsim? is she moving or just going somewhere else to buy fish? please be more clear.

[Edited by group owner: Evvy Bryning on 03 Oct 2007 09:00 PDT: posted questions at the bottom]