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Florence
Florence lives in Kampala, Uganda. She is married with four children and three of them attend school. She is also looking after her mother.

She has been selling second hand shoes in the market at retail prices for five years, working six days a week. She does not have any other source of income.

She has requested for a loan of UShs 400,000 from Kiva partner MCDT- SACCO in order to enable her to buy more bales of used shoes to sell. Her challenges include unstable prices and seasonality. Her dream is to employ people to work with her and also to become a wholesaler. She joined MCDT to expand her business to retail in the course of time and for the relatively low interest charged on the loans. She stays in her husband`s house with no access to either electricity or piped water. Her major monthly expenses include school fees and medical bills.

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

  • $1,800
    Average annual income
  • 271
    View loans »
    Uganda Loans Fundraising
  • $31,081,300
    Funds lent in using Kiva
  • 2,667.7
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $150 helped Florence to buy more bales of used shoes.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 17, 2013
Listed
Jan 18, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013