Business name: Annet's soft drinks

Location: Owino market Kampala

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

Partner Rep: Ndelo Peterand Grace Ayaa

Entrepreneur: Nansubuga Annet

Activity: purchasing a secondhand fridge and buying soft drinks

Loan use: Selling soft drinks

Loan terms: 3 months

Loan Amount: 250,000/=

Loan description:

Nansubuga Annet is a Muganda by tribe and a business lady. She joined Life in Africa in 2006 where she worked on the Invisible Children bracelet project. She has already recieved a Kiva loan of 800,000/= to start a retail business selling shoes. Her repayment record is good.

To increase her income she would like to expand her business by selling soft drinks. She has room at her stall in town to put a fridge and since cold drinks are in demand this business will do well.

To make this expansion she is seeking a loan in the amount of 250,000/= to finance the purchase of a second hand medium sized fridge and some crates of soda. She will be able repay this loan once given in three months.

here is the budget:

A second hand fridge .........................................................200,000/=

Two crates of soda @ 10,000/-..........................................20,000/=

Three cartons of safi drinks ...................................................15,000/=

Passoin fruits .............................................................................8,000/=

Buying used palstic bottles for bottling pasion juce..............5,000/=

1kg of sugar.....................................................................................2,000/=

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

[Edited by group owner: Evvy Bryning on 04 Oct 2007 08:41 PDT: edited content. final]