Maria Nakiganda ‘S Group
Maria sells cold drinks in Ndeeba Market, one of the city suburbs. She doesn't incur transport expenses because she buys from suppliers near where she works. Her monthly expenses include rent for her place of work and school fees for her children. Maria sells to all categories of people and works six days week. She has been in this business for over ten years. This is her fourteenth loan since she joined MCDT seven years ago, and she has always worked with the same group mates. Maria wants to use this loan to buy another refrigerator and to pay school fees for her children. She aspires to see her business growing bigger and to rent a second corner where she can sell drinks.
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