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Tessie
Tessie lives in Kampala, Uganda. She is married with 6 children, all of whom go to school, and also takes care of two other family members (father and mother). Tessie operates a rented retail shop where she sells her products. Her customers are her neighbors. She has been in business for the last 5 years and works seven days a week.

Tessie has requested a loan of 700,000 Ugandan shillings (UGX) from MCDT SACCO to buy more bags of sugar, 50 kgs. of rice, soap, and maize flour. Her goals and aspirations are to own a wholesale shop, to buy a plot of land, and to educate her children to university level. Her major challenges are defaulters and transportation. She lives in her own house, and the family has access to electricity and piped water. Her monthly expenses include school fees and feeding the family.

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
  • 173
    View loans »
    Uganda Loans Fundraising
  • $28,719,850
    Funds lent in using Kiva
  • 2,715.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Tessie to buy more bags of sugar, 50 kgs. of rice, soap, and maize flour.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 25, 2011
Listed
Oct 29, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2012