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Teddy
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.

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
  • 247
    View loans »
    Uganda Loans Fundraising
  • $28,946,125
    Funds lent in using Kiva
  • 2,257.5
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Teddy to buy more bales of secondhand clothes.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 17, 2010
Listed
Jun 27, 2010
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2011