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Irene
Irene lives in Uganda. She is single with 3 children, all of whom go to school. She doesn’t take care of any additional family members. She sells bananas and has been in business for the last 10 years. She sells her bananas at the market and works seven days a week.

Irene has requested a loan of 2,000,000 Ugandan shillings (UGX) from MCDT SACCO to buy more bunches of bananas and set up a better stall for her products. Aside from her banana business, Irene generates additional income as a part-time teacher at a nearby school. The main business challenges she faces are transportation and seasonality.

Irene lives in a rented house and has access to piped water and electricity. Her major monthly expenses include school fees, food, and rent.

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
  • 409
    View loans »
    Uganda Loans Fundraising
  • $30,354,325
    Funds lent in using Kiva
  • 2,680.4
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Irene to buy more bunches of bananas and to set up a better stall.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 4, 2011
Listed
Aug 13, 2011
Currency Exchange Loss:
Possible
Ended:
May 19, 2012