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Olivia
Olivia is widowed with three children and two of her children go to school. She also takes care of additional family members (grandchildren). She operates a retail shop and has been in this business for 13 years. She works seven days a week. She has applied for a loan of 500,000 Uganda shillings from MCDT SACCO to buy cooking oil, bags of sugar, cartons of salt, flour and rice. She works from home and sells to all categories of people but on retail. Her major business challenges include seasonality and thieves. She aspires to become a wholesaler and also to build rental houses. She resides in her own house and the family has access to electricity and piped water. Her monthly expenses includes school fees and paying for electricity 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
  • 244
    View loans »
    Uganda Loans Fundraising
  • $30,254,725
    Funds lent in using Kiva
  • 2,487.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Olivia to buy more bags of sugar, cartons of salt, rice and maize flour.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 21, 2012
Listed
Aug 26, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013