Hanifa Nansubuga’S Group
Hanifa works seven days a week in Owino market in the center of Kampala. It's one of the biggest markets downtown where she rents a space to sell second-hand men’s trousers, a trade she has handled for over 2 years. She started with second-hand shoes. She buys them from wholesale shops and uses porters to carry the bales on their heads to Owino market. There is a market for her merchandise, and she serves both men and women wholesale and retail.
Her main challenge is the rainy season, which makes storage of her trousers difficult because the stores fill with water. This also complicates movement to and from her stall as the ground is always covered with mud, thus reducing profits in this season. There is a risk of buying a bale full of substandard clothes, which are rejected, thus lowering profits. She sometimes fails to get proceeds for the goods that she sells on credit, due to lack of integrity on the part of her clients.
After being with MCDT for 4 years and repaying 8 loans, Hanifa boasts of improved standards of living like providing her family with 3 meals a day and expanded business and income. Her major aspiration is seeing her business grow bigger so that she earns more profits.
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