Check out some available loans that are similar to this one!
Edith Nanfuka Group
In this Group: Edith, Rehema, Aisha, Sarah
Edith is 45 years of age, single, with six children aged between 13 and 23. She rents a one room house where she stays with her children. She has three meals a day and her greatest expense per month is paying tuition fees for her children.

She sells charcoal to earn a living for herself and her family, and she does her business from the market six days a week. She receives about twenty customers a day. Edith has done this kind of business for six years now and so far, she has no challenges. She has been a member of MCDT for four years now and she has so far received eight loans. She has worked with her group for four years and she will use this loan to increase her stock. She also looks forward to expanding her business.

This is a group loan. The loan funds will be distributed among the group members, each of whom will invest in her own business. The members mutually guarantee one another's loans. If one member does not repay, the other members are responsible

Additional Information

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.

About Uganda

  • $1,500
    Average annual income
  • 243
    View loans »
    Uganda Loans Fundraising
  • $28,973,325
    Funds lent in using Kiva
  • 1,980.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Edith Nanfuka Group's $775 loan helped a member to increase stock.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 10, 2009
Listed
Feb 27, 2009
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2009