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Racheal
Rachael lives in Kampala, Uganda. She is married with five children, four of whom are in school. She sells green bananas at the market on both a retail only and wholesale basis. She has no additional family members. Rachael has been in business for the last six years. She works seven days a week. Her major challenges are defaulters, transportation, and seasonality. She has requested a loan of 800,000 Ugandan shillings from MCDT SACCO to buy more bunches of bananas. She hopes to start selling on a wholesale only basis and wants to own a delivery van to ease her transportation. She lives in her own house and the family has no access to piped water and electricity. Her major monthly expenses include 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
  • 222
    View loans »
    Uganda Loans Fundraising
  • $29,115,450
    Funds lent in using Kiva
  • 2,680.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Racheal to buy more bunches of bananas.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 24, 2013
Listed
Jan 28, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013