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Teo
Teo lives in Uganda. She is widowed and has three children, all of whom have finished school .Teo has a business selling cereals. She has been in this business for less than one year and she works three days out of every week. Teo sells her products in a shop at wholesale. Teo has requested a loan of 700,000 Ugandan shillings from MCDT SACCO, which she will use to buy more bags of dried maize. The main business challenges for Teo include seasonality and transportation. Her goals and aspirations for her business are to start growing maize and to own a delivery van. Teo lives in a home that she rents. She doesn't have access to electricity and doesn't have access to piped water. Her major monthly expenses include rent, school fees and medication.

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

  • $1,800
    Average annual income
  • 310
    View loans »
    Uganda Loans Fundraising
  • $30,615,075
    Funds lent in using Kiva
  • 2,595.0
    Uganda Shillings (UGX) = $1 USD