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Florence
Florence is widowed with two children and both of her children go to school. She rents a one-room house where she stays with three people. The family has access to electricity and piped water. Florence doesn’t take care of any additional family, but she does pay for rent, school fees and feeding her immediate family.

Florence owns a stall selling charcoal in Mengo-Kisenyi. Besides this charcoal business, she also sells foodstuffs at her stall She works seven days a week. Florence receives at least 20 customers a day and sells to all categories of people at retail. Her business challenges including transport costs.

Florence wants to use this loan to increase her stock by buying more sacks of charcoal and foodstuffs like bunches of bananas, cassava and sweet potatoes. She hopes to see her business grow bigger and to get money to construct her own house. She joined MCDT because she could access loans easily after a group consensus.

Additional Information

About MCDT SACCO

This 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.

About Uganda

  • $1,500
    Average annual income
  • 107
    View loans »
    Uganda Loans Fundraising
  • $28,282,425
    Funds lent in using Kiva
  • 2,082.6
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Florence to buy more charcoal and bananas.
100% repaid
Repayment Term
3 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 19, 2010
Listed
Mar 31, 2010
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2010