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Irene
Irene is married with two children who both go to school. She also takes care of additional family members (sisters). She has operated a beauty salon business business for four years. She has applied for a loan of 700000 Uganda shillings from MCDT-SACCO to buy more hair relaxers and boxes of hair oil. She works from home seven days a week and sells on retail basis only. Her major business challenges include transportation and the ever-increasing prices of cosmetics in Uganda. She is aspiring to own a fully stocked beauty salon and also to buy a plot of land so that she can build her own house.

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
  • 375
    View loans »
    Uganda Loans Fundraising
  • $30,352,075
    Funds lent in using Kiva
  • 2,684.9
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Irene to buy more hair relaxers and hair oil.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 22, 2013
Listed
Jan 23, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013