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Racheal
Racheal is married and has four children, which all go to school. She also takes care of additional family members (old parents).

Racheal operates a retail shop and has been in this business for four years. She works seven days a week. She has applied for a loan of 500,000 Uganda shillings from MCDT SACCO to buy cartons of salt, bags of sugar and boxes of soap. Racheal works at the market and sells her products to all types of people, but in a retail capacity. Her major business challenges include seasonality, availability of electricity and thieves.

She aspires of becoming a wholesaler and also of building rental houses. She resides in a rented house and her family has access to electricity and piped water. Her monthly expenses include school fees, rent 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
  • 141
    View loans »
    Uganda Loans Fundraising
  • $28,666,600
    Funds lent in using Kiva
  • 2,492.5
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Racheal to buy more boxes of soap, bags of sugar and cartons of salt.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 20, 2012
Listed
Sep 12, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2013