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Milly
Milly is married with six children and all her children go to school. She also takes care of additional family members (three of her late sister’s children). She has a business selling charcoal and has been in this business for 10 years. She sells to all categories of people but at retail. She generates additional income through poultry farming. She has applied for a loan of 1,500,000 Uganda shillings from MCDT-SACCO to buy more bags of charcoal. She works seven days a week .Her major monthly expenses includes transportation and seasonality. She is aspiring to see her business grow bigger so that she gets enough profits to buy a delivery van to ease in transportation and to educate her children up to university. She resides in her own house and the family has access to electricity and piped water. Her monthly expenses include 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
  • 173
    View loans »
    Uganda Loans Fundraising
  • $28,719,850
    Funds lent in using Kiva
  • 2,475.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Milly to buy more bags of charcoal.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 20, 2012
Listed
Jul 25, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 18, 2012