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Irene
Irene lives in Kampala, Uganda. She is married with two children and both her children go to school. She has no additional family members. She operates a beauty salon at the market. She sells her products on a retail basis. She has been in this business for the last 4 years. She works seven days a week. She has requested a loan of 500,000 Uganda shillings from MCDT – SACCO to buy braids, hair treatments, weaves and hair sprays. Her major business challenges are transportation and seasonality. Her goals and aspirations are to own two hand dryers so as to serve her customers better. She lives in a rented house and the family has access to electricity and piped water. Her monthly expenses include school fees and rent.

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
  • 363
    View loans »
    Uganda Loans Fundraising
  • $29,766,150
    Funds lent in using Kiva
  • 2,531.3
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Irene to buy more braids, hair treatments, weaves and hair sprays.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 11, 2012
Listed
Oct 3, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013