Janet Nakabugo's Group
Janet is 40. None of her children go to school, only her grandchildren. Two of them go to school. The older children got pregnant and dropped out of school. She owns a one-room house where she lives with three people. Janet also takes care of additional family members. The family has no access to electricity or piped water, but gets three meals a day. Her monthly expenses include feeding the family and medication.
Janet has been in her business for over ten years, and with MCDT for 12 years – now on her 20th loan working with the same group mates. Janet joined MCDT because it is near her home and also because she likes working in groups. She wants to use this loan to buy more bunches of bananas, a sack of rice, Irish potatoes and maize flour. She hopes to see her business get bigger and to start an outside catering section.
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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