N. Deborah leads a group of four women. She has been a member of MCDT since 2002 and has received 10 previous loans. For the past three years, Deborah has owned and operated a profitable used-clothing business. Three times a month, she goes out early in the morning to the local market, a large one in Kampala town, to buy used women’s clothing. She then resells blouses, skirts and other articles at a stand outside the market near her home in Ndeeba, a suburb within the city limits of Kampala. She works six days a week, from 10 a.m. until evening, and reports that she has about 10-15 customers each day. Evenings are her busiest time. She decided to sell clothing because it's an easy way to make a living. Her goal is to continue in this business, but her primary challenge is buying enough clothing to resell. With a new loan, she will be able to buy more clothes and see her business grow.
Deborah is a 42-year-old married mother of five children, ranging in age from 12 to 22. All of her children are in school; the eldest is a student at Makerere Univeristy.
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.