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Florence
Florence is divorced with five children and all her children go to school. The family lives in a three-room house and they have access to electricity and piped water. Her monthly expenses include school fees, food and utility bills. She owns a stall at her home in Kawempe selling bananas and buys these bananas from delivery vans, which get them from the villages. She has been in this business for a long time. Florence wants to use this loan to buy more bunches of bananas. Besides this banana business, she is also a poultry farmer and even owns rental rooms. Her customers are the community around her home. Florence works seven days a week. Her business challenges are seasonal (like high banana prices) and defaulters. She aspires to educate her children up to university and to start going to Masaka for bananas. She joined MCDT because it was the first MFI to reach out to poor women.

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
  • 285
    View loans »
    Uganda Loans Fundraising
  • $29,599,275
    Funds lent in using Kiva
  • 2,274.6
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Florence to buy more bananas.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 23, 2010
Listed
May 21, 2010
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2010