Mary is a widow with five children and none of her children goes to school. She takes care of her old parents and grandchildren. She resides in her own house and the family has no access to electricity but has access to piped water. Her monthly expenses include school fees for grandchildren and feeding the family.
She has a business of selling charcoal and has been in this business for over 10 years. She works at the market and sells to all categories of people on a retail basis six days a week. Her major business challenges include seasonality and thieves. Besides this charcoal business, she generates additional income through rental rooms.
She has applied for a loan of 2,500,000 Uganda shillings from MCDT SACCO to buy more bags of charcoal.
She is aspiring of becoming a wholesaler and also building more rental rooms.
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.