Teddy K. owns and operates a bar business. She has been in this business for ten years, and she works seven days a week. Teddy has requested a loan of 1,500,000 Ugandan Shillings from MCDT SACCO, which she will use to buy more crates of beer and jerycans of local gin to offer to her customers. The main business challenges for Teddy are thieves and defaulters.
Teddy and her husband live in the Nakulabye neighborhood in the city of Kampala, Uganda, in a home that they own. They have two children, one of whom is enrolled in school, and Teddy also cares for additional family members. The family has access to electricity and to piped water.
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.