Thursday, March 09, 2006

I monica Nankoma conducted an income assessment with my client Peter Ndelo and his income is as follows.

He has three sources of income as listed below:

  • He works with Invisible Children Bracelet Campaign and earns Ushs. 300,000/=
  • He works as a foreman at Life in Africa and earns Ushs. 40,000/=
  • He also has a part time job as a gardener outside LiA and earns Ushs. 160,000/=
His total income is Ushs. 500,000/= per month.

Peter also has expenses as outlined below:

He spends Ushs. 70,000 on food per month.

He caters for his young brothers education and pays school fees of Ushs. 90,000/=

He pays rent of 50,000/=

He caters for his parents and sends them 50,000/= per month.

He uses airtime of 20,000/= in a month.

His total expenses are Ushs. 280,000/= in a month.

He has a bank account and saves Ushs. 70, 000/= per month.

He wants a loan of Ushs. 800,000/=

Peter and I have agreed that he is capable of repaying back his loan in 8 installements of Ushs. 114,000/=

Assessment conducted by Monica Nankoma.

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