Teddy is married with five children. All of her children go to school. She also takes care of her elderly mother. She owns a stall selling secondhand clothes in Wandegeya, a neighborhood within the city of Kampala, Uganda's capital. She sells to all types of people, both retail and wholesale. Teddy buys secondhand clothes from Owino Market, one of the busiest markets in Uganda. She goes shopping once a week.
Teddy wants to use this loan to buy more bales of secondhand clothes. She has been in this business for fifteen years. Besides this clothing business, she also gets additional income from rental rooms. Teddy works seven days a week, and her business challenges include transportation and seasonality. She aspires to go directly into importing these clothes.
Teddy decided to work with MCDT because they work with women who are in groups. Teddy resides in and owns a two-room house, and the family has access to electricity but no piped water. Her monthly expenses include paying utility bills and school fees.
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.