Bulya Rose Group
Bulya R. sells necklaces and she does her business door-to-door. She works six days a week. She gets about 20 customers a day; she mainly sells to women and she sells on a retail basis. She started her business selling vegetables but later on, changed to selling necklaces.
The main challenge she faces in her business is that since she has to walk, she gets very tired at the end of the day.
She has worked with MCDT for 4 years and she has received loans for 8 years now. The reason why she chose to work with MCDT is because it was the only institution that could lend her money without collateral. She has worked with her group for one year now. And she wants to use this loan to increase her stock.
Bulya R.'s aspiration is to expand in her business and be able to rent a room to sell her necklaces.
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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