Teopista lives in Kampala, Uganda. She is single with two children and both of them attend school. She is not looking after other members of her family. She has been operating a hair salon for seven years, working seven days a week. She does not have any other source of income.
teopista has requested a loan of UShs 2,000,000 from MCDT- SACCO to enable her to stock synthetic hair, hair oils, chemicals, and skin oils. Her challenges include high electricity tariffs, the unstable power supply, and seasonality. Her dream is to own a big salon. She joined MCDT because she wanted a boost in her capital. She lives in a rented house with access to electricity but no piped water. Her major monthly expenses are rent and 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.