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Edith
Edith is a single mother of four children and all her children go to school. She doesn’t take care of additional family members.

Edith has a business of a beauty salon and has been in this business for 8 years. She has applied for a loan of 1,000,000 Uganda shillings (UGX) from MCDT SACCO to buy more boxes of cream relaxers, braids, and weaves. She works from home and sells on retail basis only seven days a week. Her major business challenges include seasonality and the ever increasing prices of cream relaxers.

She is aspiring of owning a bridal salon and also to own a fully stocked beauty salon. She resides in rented house and the family has access to electricity and no piped water. Her monthly expenses include school fees, rent, 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

  • $1,800
    Average annual income
  • 281
    View loans »
    Uganda Loans Fundraising
  • $31,089,375
    Funds lent in using Kiva
  • 2,485.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Edith to buy more boxes of cream relaxers, braids, and weaves.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 15, 2012
Listed
Aug 22, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013