Formerly, Sofia dealt in charcoal, but she changed her business to a retail shop. She has been in this business for a few months. Her customers are the local people. Sofia plans to use this loan to buy more merchandise, such as bags of sugar, cartons of salt, boxes of soap, and cooking oil.
Sofia works seven days a week. She depends on this job to make a living. Sofia aspires to begin selling by wholesale only. She decided to work with MCDT in order to acquire more capital for her business.
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.
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Success!! The loan was 100% repaid