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Florence
Florence N. lives in the Lubaga road, Kitawuluzi neighborhood, in the city of Kampala, Uganda. She is married and has 6 children, all of whom are in school. Florence has a business of mini-bakery. She has been in this business for less than one year, and she works 7 days out of every week. Florence sells her products at the market, by means of wholesale/retail.

Florence has requested a loan of 900,000 Ugandan Shillings from MCDT SACCO, which she will use to buy to buy more jerry cans of cooking oil and cartons of baking flour. The main business challenge(s) for Florence include transport, and ever increasing prices of cooking oil and baking flour. Her goals and aspirations for her business are to run a fully stocked bakery. Florence lives in a home that she owns; she has access to electricity and has access to piped water. Her major monthly expenses include food 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
  • 141
    View loans »
    Uganda Loans Fundraising
  • $28,666,600
    Funds lent in using Kiva
  • 2,357.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Florence to buy more jerry cans of cooking oil, cartons of baking flour.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 19, 2011
Listed
Jan 20, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 28, 2011