Florence lives in the city of Kampala, Uganda. She is widowed and has two children, both of whom are in school. She also takes care of additional family members (her elderly parents).
Florence has a beauty salon. She has been in this business for 5 years, and she works 7 days out of every week. Florence sells her products in a shop, retail. Florence has requested a loan of 800,000 Ugandan Shillings from MCDT SACCO, which she will use to buy to buy more boxes of cream relaxers, a hand dryer, weaves and braids.
The main business challenges for Florence include seasonality and the on-and-off electricity. Her goals and aspirations for her business are to own a bridal salon and also to educate her children up to university. Florence lives in a home that she owns; she has access to electricity but doesn't have access to piped water. Her major monthly expenses include school fees and paying for utility bills.
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.