Funded

Total loan: $825
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Plaxeda Nakitto Group

Uganda
Kampala, Uganda / Food Market

A loan of $825 helped a member to increase stock.


Plaxeda Nakitto Group's story

Plaxeda is 37 years of age, and is married with four children between the age of 14 and 20. All of the children are at school. Plaxeda stays in a six room house with electricity but no piped water. She fetches her water from the well. 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.

In this group: Plaxeda, Asia, Prossy, Getrude
*not pictured



Loan details

Loan length:

8 months
Disbursed date: February 23, 2009
Facilitated by Field Partner: Micro Credit for Development and Transformation SACCO (MCDT SACCO)

Lenders and lending teams



Loan details

Loan length:

8 months
Disbursed date: February 23, 2009
Facilitated by Field Partner: Micro Credit for Development and Transformation SACCO (MCDT SACCO)