Plaxeda Nakitto Group
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.
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
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Success!! The loan was 100% repaid