N. Beatrice lives in the Kasaato Zone of the Mengo Kisenyi neighborhood in the city of Kampala, Uganda. She is married and has six children, all of whom are in school. She also takes care of a grandchild. Beatrice runs a kiosk. She has been in this business for five years, and she works seven days out of every week. Beatrice sells her products at retail prices.
Beatrice has requested a loan of 500,000 UGX from MCDT SACCO, which she will use to buy more crates of soda and mineral water, bread, cakes and doughnuts. She also generates additional income through selling piped water. The main business challenges for Beatrice include seasonality and defaulters.
Her goals and aspirations for her business are to own a fully stocked kiosk and pay school fees. She lives in a home that she owns and where she has access to electricity and piped water. Her major monthly expenses include school fees and utility bills.
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.