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Florence
Florence is married with three children, two of whom go to school. She also takes care of additional family members (grand children). She has a business selling cereals and has been in this business for ten years. She generates additional income through making and selling liquid soap, and farming. She sells on a retail basis and works in a shop she rents. She works seven days out of every week. She has applied for a loan of Uganda shillings 2000000 from MCDT-SACCO to buy more bags of beans and ground nuts and boxes of raw materials for making liquid soap. Her major business challenges include seasonality, thieves, and transportation of commodities from Kampala to her shop. She aspires to own a big factory making liquid soap and also to own a fully stocked retail shop. She resides in her own house and the family has access to electricity and piped water. Her monthly expenses include school fees, feeding the family and paying for utility 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

  • $1,500
    Average annual income
  • 160
    View loans »
    Uganda Loans Fundraising
  • $28,340,225
    Funds lent in using Kiva
  • 2,680.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Florence to buy more bags of beans and ground nuts and boxes of raw materials for making liquid soap.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 23, 2013
Listed
Jan 24, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013