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Joyce
Joyce lives in Kampala, Uganda. She is single with five children, all of whom currently attend school. She is not looking after any other member of the family.

She has been operating a hair salon for seven years and works seven days a week. She has no other source of income. She has requested for a loan of UGX 600,000 from MCDT- SACCO to stock braids, weaves, hair chemicals and oils for sale and for the salon. Her challenges include an unstable power supply. Her dream is to own a big salon and be able to provide various services.

She joined MCDT because loans are timely. She rents a house with access to electricity and no piped water. Her major 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
  • 157
    View loans »
    Uganda Loans Fundraising
  • $28,703,800
    Funds lent in using Kiva
  • 2,699.9
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Joyce to buy more hair chemicals, oils, braids, weaves for resale and for the salon.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 7, 2012
Listed
Dec 10, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013