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Betty
Betty is widowed and has six children. Only one of her children goes to school. She has a business selling African tunics (bitenge). She has been in this business for 10 years and sells to all categories of people. She sells at retail and moves door-to selling bitenge. She buys these tunics from shops around Kampala city. She has applied for a loan of 1,000,000 Ugandan shillings from MCDT SACCO to buy more bales or rolls of these tunics. She doesn’t have any other income-generating activity. Her major business challenges include lack of enough market for her tunics, and thieves. She is hoping to see her business grow so that she can start importing bitenge from the Democratic Republic of Congo (DRC). She would also like to become a wholesaler and would like to build rental rooms in the available space near her home. She owns a home and the family has access to electricity and piped water.

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
  • 379
    View loans »
    Uganda Loans Fundraising
  • $30,352,075
    Funds lent in using Kiva
  • 2,470.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Betty to buy more rolls of African Tunics.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 16, 2012
Listed
May 21, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012