Ruth Nanteza's Group
Ruth is a 58 year old married woman with four children between the ages of 18 and 30. One of her children goes to school and the rest are working. She owns a four-room house where she lives with seven people. Ruth also takes care of additional family members. The family has access to electricity but no piped water, and they get three meals a day. Ruth's monthly expenses include school fees and feeding the family.
Ruth has been in her business for 30 years and with MCDT for five years – now on her twelfth loan working with the same group mates. Ruth joined MCDT to increase her capital because it is near her home. Ruth wants to use this loan to buy more sacks of charcoal. She is hoping to see her business get bigger and to start selling wholesale only.
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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