Ketty Nagudi's Group
She has operated a salon and sold second hand shoes for 5 and 6 years respectively. The peak times for the shoes business are in the festive seasons and at the beginning of school terms. The challenges include high taxes, high rental fees, getting paid for what she sells on credit, and the flooded surroundings during the rains, which limit movement from one place to another. She brags of having an improved standard of living, and the ability to look after her family without having to depend on someone.
She intends to increase stock, buy a plot of land, and build a house so that she is relieved of paying rent for her house. Ketty has successfully paid back more than 10 loans.
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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Success!! The loan was 100% repaid