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Monica
Monica is married with three children. All of her children go to school. She takes care of additional family members. She has the business of selling African attires. She has applied for a loan of 700,000 Ugandan Shilling from MCDT SACCO to buy more African attire. She has been in this business for seven years and sells in a rented shop. She works six days a week. Monica aspires to see her business grow big so that she can start importing African attire from the Democratic Republic of Congo (DRC) and also build her own house. Her business challenges include seasonality and transportation. She resides in a home that she rents and the family doesn’t have access to electricity and piped water. Her monthly expenses include rent, 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
  • 360
    View loans »
    Uganda Loans Fundraising
  • $30,344,450
    Funds lent in using Kiva
  • 2,480.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Monica to buy more African attire to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 18, 2012
Listed
May 22, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 18, 2012