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Sylvia
Sylvia is married and has two children, who all go to school. She also takes care of additional family members, including her father. She has a retail shop and has been in this business for 10 years. She has applied for a loan of 1,500,000 Ugandan shillings from MCDT-SACCO to buy more bags of sugar, cartons of salt, boxes of soap and jerry cans of cooking oil. She doesn’t have any other income-generating activity. Her major business challenges include transportation, thieves, and the ever-increasing price of commodities. She aspires to grow her business so that she owns a fully stocked retail shop and also to become a wholesaler and to build her own house. She lives in a rented house, and the family has access to electricity but not to running water. Her monthly expenses include rent, food, and school fees.

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
  • 225
    View loans »
    Uganda Loans Fundraising
  • $28,946,125
    Funds lent in using Kiva
  • 2,495.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Sylvia to buy more bags of sugar, cartons of salt, boxes of soap and jerry cans of cooking oil.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 31, 2012
Listed
Jun 6, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012