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Harriet
Harriet N. lives in the Busega neighborhood in the city of Kampala, Uganda. She is married and has four children, all of whom are in school. Harriet has a business of a beauty salon. She has been in this business for 10 years, and she works 7 days a week. Harriet sells her products in the market, by means of retail. Harriet has requested a loan of 800,000 Ugandan Shillings from MCDT SACCO, which she will use to buy more braids and cream relaxers.

The main business challenge(s) for Harriet include seasonality and ever-increasing prices of braids and cream relaxers. Her goals and aspirations for her business are to own a fully stocked and bridal salon. Harriet lives in a home that she rents; she has access to electricity and has access to piped water. Her major monthly expenses include school fees, medication, paying utility 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
  • 157
    View loans »
    Uganda Loans Fundraising
  • $28,703,800
    Funds lent in using Kiva
  • 2,405.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Harriet to buy more boxes of cream relaxers and braids.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 16, 2011
Listed
Mar 19, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2011