Birungi Lilian‘S Group
Lilian sells sweet bananas in Naguru Market, in one of the city suburbs. She doesn’t incur any transport costs as she buys from her place of work from suppliers who get them from the villages; that is how she earns her living. Her monthly expenses include rent for her place of work and school fees for her children.
Lilian sells to all categories of people and works six days week. She has done this business for over four years now This is her tenth loan since she joined MCDT; she has been with MCDT for five years, working with the same group mates. Lilian wants to use this loan to buy more bananas and partly to pay school fees for her children. She is aspiring to see her business growing bigger and hopes to own permanent business premises.
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