Entrepreneurs We've Helped
Name: Lubajja Traders (C) Group
Location: Mityana, Uganda
Activity: Agriculture
Loan Used: To purchase sacs of coffee to resell
Description: Huruna has been in the business of supplying coffee beans to factories in Mityana for about 10 years. He sells the beans from his 10-acre operation as well as coffee that he gathers from smaller operations. From his 10 acres, he is usually able to get two sacs of coffee per week.
Getting the coffee ready to sell is a time-consuming and laborious process. After picking the coffee pods, he lays them in the sun to dry. After they are dry, Huruna must crack open the individual pods and extract the coffee beans. Then he must pack these beans into large sacs and transport them to the factories to sell them.
Huruna has eight children ranging from 6 to 16 years old. They are all in school, so he and his wife have to search for ways to manage the large task of providing school fees for all of them. All of his children attend private schools. This is a sign that his business is making a difference in his family.
Huruna is requesting a loan of 2 million USH (UGX) to purchase sacs of coffee to resell. He says that if his business takes off, he would like to build some houses to rent to people in his community. His biggest dream is to travel around the world.
About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults.
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