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Magdalena Lwamulungi's Group
In this Group: Magdalena , Rovinsa , Nuru , Berna , Alice
Magdalena is the leader of a five-person group. She is 46 years old, married, and has seven children who are between 12 and 27 years of age. Four of her children go to school.

Magdalena lives in a rented four-room house where she is staying with two people. Magdalena doesn't take care of any additional family members. There is electricity but no piped water at her home. The family gets three meals a day. She lives and works in a semi-urban area that is in the outskirts of Kampala.

Magdalena operates a retail shop in Nalukolongo. She uses public transport to and from Kampala city where she shops twice a week. She sells to an average of 20 people a day and sells to all categories of people. She works seven days a week. Her major monthly expenses include medication, rent for both accommodation and business, and feeding the family. She has been in this business for the last 20 years. Magdalena has been with MCDT for over five years and this is her 20th loan, all working with the same group mates. She wants to use this loan to buy more merchandise for her shop. Magdalena aspires to see her business grow bigger and to own a permanent business premise and home.

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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
  • 282
    View loans »
    Uganda Loans Fundraising
  • $29,599,275
    Funds lent in using Kiva
  • 2,095.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Magdalena Lwamulungi's Group's $875 loan helped a member to buy merhandise for her shop.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 24, 2009
Listed
Jul 1, 2009
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2010