Sylvia lives in Kampala, Uganda. She is single with five children, four of whom are attending school. She does not look after any other family members.
Syliva has been selling snacks in a retail shop for ten years, working six days a week. She has rental houses as another source of income.
She has requested a loan of 700,000 UGX from MCDT- SACCO to enable her to stock flour, cooking oil, baking powder and charcoal for making the snacks. Her challenges include thieves, seasonality and recovering money from clients who take the snacks on credit. Her dream is to be able to expand the business. Sylvia joined MCDT because of the relatively low interest charge on loans. She lives in her own house with access to electricity but no piped water. Her major monthly expenses include school fees.
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.