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Siama
Siama M. lives in the Naguru neighborhood in the city of Kampala, Uganda. She is widowed and has three children, who are in school. She does not take care of additional family members. Siama lives in a home that she owns; she has access to electricity and piped water. Her major monthly expenses include food and school fees.

Siama has a business selling charcoal and local clothes (kitenge). She has been in this business for five years. She works six days out of every week. She is requesting a loan of 100,000 Ugandan shillings from MCDT SACCO, which she will use to buy more stock of kitenge to sell. Siama also generates additional income through rental houses. The main business challenges for Siama include seasonality. Her goals and aspirations are to expand her business and support her children.

About MCDT SACCO:
This loan is administered by MCDT SACCO, a savings and credit institution that uses the Grameen Bank model of solidarity lending. MCDT's cooperative structure also affords clients the opportunity to own shares of the organization and benefit from its financial performance. 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. 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.

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
  • 2,260.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $50 helped Siama to buy more stock of "kitenge" to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 14, 2010
Listed
Jul 18, 2010
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2010