K. is a leader of five members of a group. She is a 65-year-old single mother of two children aged 45 and 35 years. None of her children goes to school because they are all old with five children of their own aged between 17 and 25 years. Only three of their children go to school. She resides in and owns a four-roomed house where she is staying with five people. K. takes care of additional family members. There is electricity and piped water at her home. The family gets three meals a day. She resides and works in a semi-urban area, which is in the outskirts of Kampala. K. stays in Mulago zone selling second hand clothes in Kalerwe one of Kampala suburbs. She incurs extra transport costs to and from shopping or work. K. also sells chicken and pig's food. She sells to an average of 20 people a day and sells to all categories of people excluding children. She works six days a week. K. sells mainly on retail only. Her major monthly expenses include school fees and rent for her business premises. She has been in this business for the last five years. K. has been with MCDT for over five years and is servicing her 10th loan, working with the same group mates. She wants to use this loan to buy clothes for resale. K. is aspiring to see her business grow bigger and to own a permanent business premise.
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.