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Victo
Victo is the widowed mother of four children, two of whom attend school. She also takes care of additional family members. For the last six years, she has earned a living by working as a tailor and selling her goods on a retail basis. She earns additional income by selling piped water. She sells her goods at a local market, and is applying for a loan for 1,700,000 Uganda shillings from MCDT-SACCO to buy more rolls of cloth, thread and an electric sewing machine. Her major business challenges include transportation and the seasonal nature of the demand for her products. Her goal for the future is to own a tailoring school and employ two girls to help her with her tailoring work. She resides in her own house where her family has no access to piped water but has electricity. Her major monthly expenses include food and electricity.

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
  • 319
    View loans »
    Uganda Loans Fundraising
  • $29,677,925
    Funds lent in using Kiva
  • 2,672.7
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Victo to buy more materials for a tailoring business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 15, 2013
Listed
Jan 21, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013