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Florence
Florence is widowed with six children and only two of her children go to school. She also takes care of additional family members (grandchildren).

Florence has a business of selling charcoal and sells to all categories of people at retail prices. She has applied for a loan of 1,000,000 Ugandan shillings from MCDT SACCO to buy more bags of charcoal. She generates additional income by selling piped water and hiring out a motorcycle. Her major business challenges include seasonality and thieves who always break into her charcoal store. Florence aspires to see her business grow big so that she can become a wholesaler and also build rental rooms. She resides in her own house and the family has access to electricity and piped water. Her monthly expenses includes school for the remaining children and paying utility bills.

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
  • 326
    View loans »
    Uganda Loans Fundraising
  • $29,746,975
    Funds lent in using Kiva
  • 2,475.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Florence to buy more bags of charcoal.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 13, 2012
Listed
Jul 16, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013