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Catherine Namisango ‘S Group
In this Group: Catherine , Margret
Catherine is a 45 years old, married, with eight children between the ages of 3 and 25. Six of her children still attend to school. She owns a one room house where she lives with four other people. Catherine also takes care of additional family members.The family has access to electricity and piped water and gets three meals a day. She incurs expenses traveling to and from villages in the Luwero District, one of the central districts of Uganda, to buy charcoal,. She works in a semi urban area on the outskirts of Kampala.She uses public transport to and from Luwero. Catherine works seven days a week. She receives an average of 25 customers a day and sells to people at both retail and wholesale. Her major challenges include the ever increasing prices of charcoal, the rainy season which hinders her customers' ability to reach her, and ever increasing transport costs. Her monthly expenses include school fees, feeding her family and medication. She has been in this business for ten years and joined MCDT ten years ago. This will be her twentieth loan. Catherine joined MCDT because it was near her home and it was easy to work with it. She wants to use this loan to buy more sacks of second hand clothes . She wants to see her business grow bigger and start selling wholesale only.

Additional Information

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.

About Uganda

  • $1,500
    Average annual income
  • 250
    View loans »
    Uganda Loans Fundraising
  • $28,992,150
    Funds lent in using Kiva
  • 1,870.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Catherine Namisango ‘S Group's $650 loan helped a member to buy more sacks of charcoal.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 16, 2009
Listed
Nov 23, 2009
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2010