Teopista is the leader of a group of 4 women. She is 47 years old, and is widowed with five children, aged between 18 and 26 years. All her children go to school. She rents a one-roomed house where she lives with seven people. Teopista takes care of additional family members. There is electricity but no piped water at her home. The family gets three meals a day. She lives and works in a semi-urban area, which is on the outskirts of Kampala. Teopista has a poultry farm of about 300 laying birds in Kisaasi, one of Kampala's suburbs She sells to an average of 10 people a day and sells to all categories of people. She works six days a week. Teopista buys her chicks from UGACHICK Poultry Breeders in Uganda and uses public transport to and from shopping. Her major monthly expenses include medication for both her family and her birds, She has been in this business for the last fifteen years. Before her poultry business, she sold firewood at her home. Her main challenge is the rainy season which stops her customers from coming to her. Teopista has been with MCDT for over six years and is using her twelfth loan, working all this time with the same group mates. She wants to use this loan to buy more chicks and chicken feed. Teopista aspires to see her business grow and to own about 1000 birds
About MCDT SACCO
This 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.