Fausta lives in Kampala, Uganda. She is a widow and has five children, none of whom currently attend school. She is not looking after any other members of the family. She lives in her house without access to either electricity or piped water. Her major monthly expenses include feeding the family and medication.
She has been selling secondhand clothes in a retail shop for 10 years and she works seven days a week. She also works as a tailor as another source of income. She has requested a loan of 1,000,000 UGX from MCDT- SACCO to buy second hand clothes and rolls of cloth. The main challenges she faces include seasonality and the increasing prices of used clothes. Her dream is to expand her business and to employ people. She joined MCDT mainly because of timely loans.
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.