Mwanje Florence Group
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.
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