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Uganda Survey Results

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October 23 2014
October 23 2014

Steve reports that “34 of our 36 MBM borrowers (94%) said they benefit from participating in an MBM accountability group where they can receive support, help solve one another’s business problems, and learn how to keep income and expense records—all while making friends and receiving personal guidance from an MBM Mentor.” 34 of the 36 borrowers interviewed were women, 2 are men. 40% are married, 60% are single. Nearly half of those now single have lost a spouse to HIV/Aids. The borrowers’ ages ranged from 27 to 61. Here is a snapshot of Steve’s findings:

Business Owner Review
· 31 of those surveyed had a current loan from MBM (5 others did not)
· 23 borrowers (64%) had a business for 4 years or more
· 10 borrowers (24%) had 2 to 3 years of business experience
· First loans—16 borrowers (45%)
· Second loans—13 borrowers (36%)
· Third loans—7 borrowers (19%)

Saving and Investing
· 34 individuals have an active personal savings account
· 27% intend to invest their savings “back into the business”
· 27% intend to use their savings for personal or family emergencies
· 22% are saving to buy land
· 16% use their savings for school fees.
· 8%–two borrowers—are saving to build a home

Family Life and Challenges
· 36 families included 260 people, or 7.2 individuals per home
· Among the families, there are 210 children—123 are orphans (59%)
· 24 families (66%) average 2 meals a day, 8 families (22%) eat 1 meal a day,
· 4 families(11%) have 3 meals a day.
· Posho (maize flour, milk and sugar) and beans is the most common daily meal, with rice, greens, and silverfish providing some variety
· The top household expenditures are Food, School Fees, and Medical Needs