Fatuma N. has operated a clothes-selling business for four years, and she works seven days a week. Fatuma sells her products from door to door. She also generates additional income by selling maize flour.
She has requested a loan of 2,000,000 Ugandan Shillings from MCDT SACCO, which she will use to buy more clothes to offer for sale. The main business challenges for Fatuma include defaulters and the ever-increasing prices of clothes. Her goals and aspirations for her business are to start importing clothes herself.
Fatuma and her husband own a home in the Kawempe neighborhood in the city of Kampala, Uganda. They have five children, all of whom attend school. They also take care of some of their grandchildren. The family has access to electricity and to piped water. Their major monthly expenses include food, 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.