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Annet
Annet is married with four children and none of her children goes to school. She doesn’t take care of additional income. She has a business of selling used clothes. She has applied for a loan of 500,000 Ugandan shillings from MCDT SACCO to buy more bales of used clothes and has been in this clothing business for 10 years. She moves door to door selling used clothes and at times works from her home. She sells both for retail and wholesale and works six days a week. Her monthly expenses includes food and paying for electricity. Her major business challenges are transportation and the rainy season. She is aspiring to getting a permanent business premise and also to start selling wholesale only. She resides in a rented house 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
  • 324
    View loans »
    Uganda Loans Fundraising
  • $29,617,400
    Funds lent in using Kiva
  • 2,485.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Annet to buy more bales of used clothes.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 11, 2012
Listed
Jul 23, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013