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Mwanje Florence Group
In this Group: Faith, Florence, Jidah, Flomera
M. Florence is 46 years of age. She is married with seven children between the ages of 11 and 25. She rents a six-room house, where she stays with her family. She has access to piped water and electricity. She also looks after her late brother's two children. She normally has two meals a day and her greatest expenses are feeding her family and transport to her place of work.


She sells dry beans and she does this in a shop she rents. She works six days a week. She sells her beans on a wholesale basis and she receives about five customers a day. She has done this business for eight years now and besides this she also makes liquid soap and sells it.


Her main challenges in this business are rainy seasons, which disrupt her business because the roads become impassable so she can't get transport for her beans easily, and price fluctuations that affect the prices of commodities.


She has been with MCDT for five years now and she has also been with her group for five years. She will use this loan to increase her stock.

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
  • 319
    View loans »
    Uganda Loans Fundraising
  • $29,688,425
    Funds lent in using Kiva
  • 2,010.8
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Mwanje Florence Group's $1,500 loan helped a member increase her stock.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 4, 2009
Listed
Mar 11, 2009
Currency Exchange Loss:
Covered
Ended:
Sep 17, 2009