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Agnes
Agnes is married, with three children and all her children go to school. She also takes care of her grandmother. She has a beauty salon and has been in this business for ten years and works in a shop that she rents.

She has applied for a loan of Uganda shillings from Micro Credit for Development and Transformation SACCO (MCDT SACCO) to buy more boxes of cosmetics, weaves, braids, and hair relaxers. She works in a shop that she rents and works seven days out of every week. Her major business challenges include transportation and off-and-on electricity.

She resides in her own house and the family has access to electricity and piped water. Her monthly expenses include rent, school fees, and feeding the family.

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
  • 355
    View loans »
    Uganda Loans Fundraising
  • $29,766,150
    Funds lent in using Kiva
  • 2,654.1
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Agnes to buy more boxes of hair relaxers, braids, weaves, and cosmetics for her beauty salon.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 7, 2013
Listed
Feb 11, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013