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Plaxeda Nakitto Group
In this Group: Plaxeda, Asia, Prossy, Getrude
Plaxeda is 37 years of age, and is married with four children between the age of 14 and 20. All of the children are at school. Plaxeda stays in a six room house with electricity but no piped water. She fetches her water from the well.
She has two meals a day and her greatest expense every month is food, school fees, and transportation to her workplace.

She sells matooke (bananas) in the market where she rents a room to store her bananas. She works four days a week and she receives about 50 customers a day. She sells both retail and wholesale. She has done this business for fifteen years now and the challenge she finds in her business is that at times she gets into accidents on the way from collecting her bananas from the village.

She has worked with MCDT for four years now and the reason why she chose to work with MCDT is because she wanted some capital to put in her business. She plans to construct a rental house to improve her income.

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

  • $1,800
    Average annual income
  • 239
    View loans »
    Uganda Loans Fundraising
  • $31,036,700
    Funds lent in using Kiva
  • 1,980.0
    Uganda Shillings (UGX) = $1 USD