Aidah Kembabazi's Group
Aidah runs a retail shop to earn her living in Kisaasi, a suburb. She rents her stall at 65,000 a month and receives about 20 customers a day. She sells to a variety of people. Aidah uses public transport to and from shopping in Kampala, Uganda. She works seven days a week and has been in this business for 6 years. She also raises pigs.
Aidah is faced with thieves who break in and steal all her merchandise. She is trying to build a strong block to curb thieves. This is her 8th loan since joining MCDT and has been with MCDT for 4 years and has worked with the same group mates. Aidah wants to use this loan to buy more merchandise for her shop. Aidah is aspiring to own a wholesale shop from her savings .
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