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Rachael
Rachael is a married mother of one child and she doesn’t go to school. She has no additional family members.

She has a shop selling cosmetics for different skin types and also weaves. She has been in this business for the last two years. She has applied for a loan of 500,000 Uganda shillings from MCDT-SACCO to buy more boxes of cosmetics like braids, weaves, and oils. Her major business challenges include seasonality and increasing prices of cosmetics in Uganda.

She is aspiring of owning a fully stocked cosmetics shop and also buying a plot of land. She resides in a rented house and the family has no access to electricity and piped water. Her monthly expenses include rent and food.

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
  • 224
    View loans »
    Uganda Loans Fundraising
  • $28,946,125
    Funds lent in using Kiva
  • 2,492.5
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Rachael to buy more cosmetics like braids, weaves, and oils.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 21, 2012
Listed
Sep 2, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2013