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Betty
Betty is married with five children and all her children go to school. She also takes care of her brother’s son.

She is a mushroom grower in Kisaasi and sells mushrooms to all the supermarkets in Kisaasi and some in Kampala city. She wants this loan to buy more millet and seeds for mushroom growing. She has been in this mushroom growing business for three years. Betty sells to all categories of people, both retail and wholesale.

Besides this business she also owns rental rooms. She works six days a week. Her business challenges include transportation and defaulters. She wants to start exporting her mushrooms to other African countries.

Betty joined MCDT because she wanted additional capital and because of their low interest rates compared to other MFI’s. She owns and lives in a three-room house and the family has access to electricity and piped water. Her monthly expenses include food, medication 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
  • 382
    View loans »
    Uganda Loans Fundraising
  • $30,352,075
    Funds lent in using Kiva
  • 2,270.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Betty to buy more millet and mushroom seeds.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 8, 2010
Listed
Jul 14, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2010