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Fausta
Fausta is a single mother of three children and all her children go to school. She also takes care of additional family members. Fausta makes and weaves tablecloths and placemats. She wants to use this loan to buy more cloth and thread for making tablecloths. Fausta buys these materials from Kiyembe shops, one of the busiest places for clothing material in Kampala city. She goes shopping twice a month and uses public transport to and from shopping. Fausta has been in this business for eight years and with MCDT for one and half years, servicing her third loan. Besides this weaving business, she also rears chickens at her home and owns a motorcycle for hire. She sells to all categories of people and makes her products according to one's fashion and style. She works seven days a week. Her business challenges are defaulters and transportation. She aspires to see her business grow big and start using machines instead of hand weaving. She joined MCDT because she wanted to increase her capital base. Fausta resides in and owns a house where the family stays and they have access to electricity and piped water.

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
  • 163
    View loans »
    Uganda Loans Fundraising
  • $28,672,675
    Funds lent in using Kiva
  • 2,257.8
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $150 helped Fausta to buy more fabric and thread.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 26, 2010
Listed
May 20, 2010
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2010