Aida has applied for a loan of 900,000 Ugandan shillings (UGX), which she plans to use to buy more boxes of cream relaxers, braids and weaves. Her major business challenges are unreliable electricity and the increasing prices of cosmetics in Uganda. Aida hopes to see her business grow big so that she can own a bridal salon and build her house. She decided to join MCDT SACCO because she wanted to generate more capital. Aida lives in a two-room house and the family has access to electricity and piped water. Her monthly expenses include rent, utility bills and school fees.
About MCDT SACCOThis 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.
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Success!! The loan was 100% repaid