Christine Kiwanuka's Group
Christine has operated her retail shop for the past ten years. Her customers are mainly local people with families. Christine's biggest challenges are having only a few customers (who typically only buy small things) and the high cost of products.
Christine plans on using this loan to increase her stock by purchasing wholesale and to install piped water in her home. Christine will then be able to sell more products, including water, and increase her profits. With the profits, Christine will continue to pay school fees. She hopes to eventually be able to afford to buy a motorcycle to rent out and to purchase a refrigerator to sell cold drinks.
Christine has successfully paid back seven loans to MCDT. It is through these loans that she has been able to keep her children in school and install electricity.
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