Uwimana Aisha Group
She deals in art and crafts. She sells them in a shop that she rents. She works six days a week and she serves about ten customers a day. She has been in this business for nine years. Prior to this, she sold second-hand clothes.
Her main business challenge is that the city council keeps relocating their business premises, making her lose some of her customers. This has made her get a permanent shop to sell her products.
She has worked with MCDT for four years because they were lending to low-income earners. She will use this loan to increase her stock. She looks forward to expanding her business and being able to construct a house for her family.
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