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Florence Nakyeyune Group
In this Group: Flavia, Berna, Florence, Florence, Aisha
Florence is the leader of this group of 5 members. She is 45 years old, married, with three children aged between 18 and 20 years. All of her children go to school. She resides in a five-roomed house, that she owns, where she is staying with five people. Florence takes care of two additional family members. There is no electricity or piped water at her home. The family gets three meals a day. She resides and works in a semi-urban area in the outskirts of Kampala. Florence sells bananas in Kalerwe market and doesn’t incur any transport costs as she buys from her place of work. She sells to all categories of people, an average of 30 customers a day. She works seven days a week. Her major monthly expenses include medication, rent for business, feeding the family. She has been in this business for the last nine years. Florence has been with MCDT for over seven years and is managing her sixteenth loan, working with the same group mates. She wants to use this loan to buy ½ lorry of bananas and cutlery. Florence is aspiring to see her business grow bigger to be able to off-load a full lorry of bananas.

Additional Information

About MCDT SACCO

This loan is administered by MCDT SACCO, a savings and credit institution operating in Kampala, Uganda. The mission of MCDT SACCO is to provide sustainable financial services to the lower strata of Uganda's poor, especially women, for their economic and social development. MCDT's cooperative structure also affords its clients the opportunity to own shares of the organization and benefit from its financial performance. For more on MCDT SACCO, please see our partner page at http://www.kiva.org/partners/112, and join our lending team, Friends of MCDT SACCO, at http://www.kiva.org/team/friends_of_mcdt_sacco.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Uganda

  • $1,500
    Average annual income
  • 224
    View loans »
    Uganda Loans Fundraising
  • $28,946,125
    Funds lent in using Kiva
  • 2,120.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Florence Nakyeyune Group's $1,425 loan helped a member increase inventory.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 16, 2009
Listed
Jun 22, 2009
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2010