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Teopista
Teopista lives in Uganda. She is widowed and has eight children, one of whom is in school. She also takes care of additional family members (grandchildren). Teopista has a business selling charcoal and bananas. She has been in this business for seven years, and she works seven days out of every week. Teopista sells her products from home, by means of wholesale and retail. Teopista has requested a loan of 1,000,000 Ugandan shillings from MCDT SACCO to buy more bags of charcoal and bunches of bananas. Teopista earns additional income by selling mats and baskets. The main business challenges for Teopista include defaulters, thieves, transportation and seasonality. Her goals and aspirations for her business are to start selling at wholesale only and to buy a plot of land. Teopista lives in a home that she rents. She doesn't have access to electricity but does have access to piped water. Her major monthly expenses include rent, school fees and piped water.

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
  • 233
    View loans »
    Uganda Loans Fundraising
  • $29,183,825
    Funds lent in using Kiva
  • 2,590.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Teopista to buy more bunches of bananas and bags of charcoal.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 20, 2011
Listed
Jul 24, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2012