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Annet
Annet is married with two children, and both of her children go to school. She also takes care of additional family members (grandmother and sister). She has a business of selling second hand shoes and has applied for a loan of 1,200,000 Ugandan shillings from MCDT-SACCO to buy more bales of second hand shoes.

She has been selling used shoes for five years and works six days out of every week, selling to all categories of people, but on a retail basis only. She doesn’t have any other income-generating activity. Her major business challenges include rent and seasonality.

Annet is aspiring of becoming a wholesaler and also to build her own house. She resides in a rented house where the family has access to electricity and piped water. Her monthly expenses include school fees and rent.

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

  • $1,800
    Average annual income
  • 291
    View loans »
    Uganda Loans Fundraising
  • $31,089,375
    Funds lent in using Kiva
  • 2,644.9
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Annet to buy more bales of used shoes.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 11, 2013
Listed
Feb 15, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013