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Racheal
Racheal lives in Kampala, Uganda. She is married with one child who does not attend school. She does not look after any other family members.

She has been selling charcoal from home on a retail basis for four years, working seven days a week. She does not have any other source of income.

She has requested a loan of 400,000 Ugandan shillings from MCDT-SACCO to enable her to buy more sacks of charcoal for sale. Her challenges include seasonality, and sometimes, the charcoal is damp. Her dream is to be able to start selling wholesale.

She joined MCDT because of the timely loans. She stays in a rented house without access to electricity but with piped water. Her major monthly expenses include transport and school fees.

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
  • 243
    View loans »
    Uganda Loans Fundraising
  • $28,973,325
    Funds lent in using Kiva
  • 2,667.7
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $150 helped Racheal to buy more bags of charcoal.
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:
Aug 17, 2013