Jane Nanyonga's Group
Her main challenge is the rainy season, which makes movement difficult and wets the ground onto which the shoes and clothes are spread for clients to view and buy. After being with MCDT for 10 years and repaying 12 loans, Jane boasts of improved standards of living and expanded business and income. She would like to put up a commercial building so that she can stop paying rent and instead collect income from tenants.
Jane is the leader of a 5-member group. She is 56 years old and married with 9 children. They are aged between 34 and 10 years. Three of them are in school. She is also looking after 2 children for her deceased siblings. Jane rents a three-roomed house in which she lives with 4 people. There is piped water and electricity. She resides and works in a semi-urban and slum area in the outskirts of Kampala.
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