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Hamida
Hamida is a single mother of five children and all her children go to school. She has restaurant business and sells to all categories of people at retail prices. She has applied for a loan of 700,000 Ugandan shillings from MCDT SACCO to buy more bunches of bananas, beef, rice, and chicken. Hamida has had this restaurant business for ten years. Besides this business, she also generates additional income by selling bunches of raw bananas. Her major business challenges include seasonality, thieves, and defaulters.

Hamida aspires to see her business grow big so that she owns a fully-stocked restaurant and also can educate her children up to the university level. She works seven days a week and works at the market. She resides in her own house and the family has access to electricity and piped water. Her monthly expenses include school fees and 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
  • 382
    View loans »
    Uganda Loans Fundraising
  • $30,352,075
    Funds lent in using Kiva
  • 2,475.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Hamida to buy more bunches of bananas, beef, chicken, and rice.
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