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Resty
Resty K. lives in the Bwaise neighborhood in the city of Kampala, Uganda. She is divorced and has 1 child, who attends school. Retsy also takes care of additional family members (sister and brother) and works 6 days out of every week. Resty sells her products door-to-door, by means of retail. She also generates additional income through selling pay phone air time and a telephone booth.

Resty has requested a loan of 300,000 UGX from MCDT SACCO, which she will use to buy more newspaper. The main business challenges for Resty include rainy season and defaulters. Her goals and aspirations for her business are to be a newspaper agent and also educating her children up to university. Resty lives in a home that she owns. She has access to electricity, but doesn't have access to piped water. Her major monthly expenses include school fees and electricity bills.

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
  • 310
    View loans »
    Uganda Loans Fundraising
  • $29,747,050
    Funds lent in using Kiva
  • 2,357.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $150 helped Resty to buy more newspapers.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 13, 2011
Listed
Jan 20, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2011