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Madina
Madina lives in Uganda. She is single and has five children, all of whom are in school.

Madina has a business of selling charcoal. She has been in this business for eight years, and she works seven days out of every week. She sells her products from home, by means of retail.

Madina has requested a loan from MCDT SACCO for 1,000,000 Ugandan Shillings, which she will use to buy more bags of charcoal. The main business challenges for Madina include transportation and the rainy season.

Her goals and aspirations for her business are to sell wholesale and also to own a delivery van to ease transportation. She also hopes to educate her children up to university.

Madina lives in a home that she rents. She has access to electricity, but not piped water. Her major monthly expenses include rent, school fees, and feeding her 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
  • 215
    View loans »
    Uganda Loans Fundraising
  • $29,088,225
    Funds lent in using Kiva
  • 2,490.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Madina to buy more bags of charcoal.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 5, 2011
Listed
Dec 7, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 16, 2012