Suzan Namukasa’S Group
She owns a retail shop, where she sells all day-to-day essentials. She pays for transport costs to and from where she buys her merchandise in Kikuubo, one of the busiest places in Kampala. On average she receives 20 customers a day. She works in the outskirts of Kampala. She has been in this business for six years and with MCDT for 10 years. She is servicing her 17th loan, working with the same group mates.
Her monthly expenses include school fees and medication. Her challenges include defaulters and the rainy season, because when it rains, very few customers come to her retail shop because it is in a muddy place. Susan wants to use this loan to buy more merchandise like boxes of soap, cartons of salt, sacks of sugar and jerrycans of cooking oil. She aspires to see her business grow stronger and to start selling only on a wholesale basis.
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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