Florence's Nakyeyune Group
Florence is the leader of this five member group. She is 42 years old and married with four daughters, who are between the ages of 24 and 15. All her children go to school. She owns a five-room house where she stays with six people. Florence doesn't take care of any additional family members. There is no electricity or piped water at her home but the family gets three meals a day.
Florence resides in and works in a semi-urban area on the outskirts of Kampala. She sells chicken and rents a stall at Kalerwe in the city suburbs. She sells to an average of 30 people a day and works seven days a week. Florence's major monthly expenses include rent for the business premises, school fees, and medication. She uses a bicycle to commute to and from work. She has been in this business for six years. Her main challenges are the rainy season, which disturbs her a lot, and seasonality.
Florence has been with MCDT for over six years and this is her twelfth loan, working all along with the same groupmates. She wants to use this loan to increase stock in her business. Florence also aspired to build rental rooms in the available space near her house.
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