Miriam is a leader of 5 members of a group. She is 35 and married with 6 children aged between 5 and 18 years. All her children go to school. Miriam takes care of her old parents. She resides and owns a three-roomed house where she is staying with five people. They have electricity and piped water at home. The family gets two meals a day and rarely take tea. Miriam works in a semi-urban area which is in the outskirts of Kampala, dealing in second-hand towels and bed sheets She uses public transport to and from work. Miriam buys these items from Owino market, one of the busiest markets in Kampala city. She sells to an average of 20 customers per day. Besides linens, she also sells airtime. Miriam sells to all categories of people and has been in this business for five years, working six days a week. She is faced with a challenge of seasonality and medication expenses. She has been with MCDT for four years working all with the same group mates and wants to use this loan to have permanent place to sell her merchandise. and she aspires to educate her children up to university level.
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.