Hadjah Nankya‘S Group
She works in a semi-urban area which is in the outskirts of Kampala. She sells matooke (bananas) in Ndeeba Market near Kampala city. Hadjah works seven days a week and doesn’t incur any extra transport costs because she buys from her home. Hadjah sells to an average of 15 customers a day. She is faced with a challenge in the rainy season because she sells from an open place. Hadjah has been in this business for the last three years and has been in MCDT for six years, servicing her twelfth loan and working all this long with the same group mates. Hadjah's monthly expenses include the license fee for her business and school fees. She wants to use this loan to increase the stock of her banana business Hadjah is aspiring to see her business expanding so that she can start buying a whole lorry-full of bananas
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