Lukia Nassuna ‘S Group
Lukia is the leader of a four member group. She is 57 years old and the mother of five children between the ages of 19 and 37. Two of her children go to school. She doesn’t take care of any additional family members. She resides in a four roomed house that she owns in which four people stay. They have electricity and piped water at home and the family gets three meals a day. She works in a semi-urban area on the outskirts of Kampala.
Lukia deals in ladies shoes on William street in Kampala city and works seven days a week. She buys these shoes from wholesale shops around town. Lukia uses public means to go to and from work. She rents her business premises for 100,000 per month and sells retail and wholesale. Lukia sells to an average of 15 customers a day and has been in this business for the last fifteen years. Lukia is servicing her sixteenth loan, working all along with the same groupmates. She wants to use this loan to starting buying directly from Nairobi. She also aspires to build rental houses.
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