Busingye Allen Group
Allen Businyge is 32 years of age and married with four children. She also cares for additional family members. She rents a one-room house, where she stays with her children and husband. She has access to piped water and electricity and the family has three meals a day. Her greatest expense every month is feeding the family and paying tuition for her children.
Allen Businyge sells tomatoes to make a living for herself. She works seven days a week and pays rent for the premises on which she operates her business. She has been doing this business for five years now and prior to this she was selling groundnuts. The main challenge she finds in her business is the rainy season, which affects the number of customers she receives in a day. She sells in an open market and the rain disrupts her business.
This is her tenth loan with MCDT and the reason why she chose to work with MCDT is because it is near her home so she doesn’t have to spend money on transport. She hopes to use this loan to increase her stock. She aspires to expand her business to improve her income.
About MCDT SACCOThis 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.
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Success!! The loan was 100% repaid