Sarah Nabukeera ‘S Group
Sarah has a retail shop in Kyebando Nsooba selling all types of merchandise like sugar, salt, cooking oil, soap, Blue Band margarine, jerrycans (empty) and thread. She doesn’t pay rent as she works from her home. She works in a semi-urban area which is on the outskirts of Kampala She works seven days a week. She receives an average of 40 customers a day and sells to all categories of people, both retail and wholesale. Her greatest monthly expenses include feeding the family and school fees for her children.
Sarah's major business challenges are defaulters and the rainy season which hinders her from reaching her customers. She has been in this business for twenty years and with MCDT for eight years, servicing her seventeenth loan, working with the same group mates. Sarah joined MCDT because it was near her home and was working with poor women. She wants to use this loan to buy more merchandise like sacks of sugar, cartons of salt, and boxes of soap. She is aspiring of seeing her business grow bigger and starting selling only wholesale.
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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