Agnes Nakato ‘S Group
She works in a semi urban area which is in the outskirts of Kampala. She works in Ntinda market selling bed sheets. Agnes works six days a week and uses public transport to and from shopping in Owino Market, one of the busiest markets in Kampala. Agnes sells to an average of 10 customers a day. Agnes has been in this business for the five years and has in MCDT for three years, servicing her fifth loan. Her monthly expenses include rent for accommodation, daily market dues, school fees and food. She wants to buy bales of bed sheets and aspires to selling only at wholesale.
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