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Grace
Grace is married with four children, but only three of her children go to school. She is also responsible for two additional family members, her sister and brother. She has owned and managed a business selling charcoal for the last ten years. Grace is a hard worker, she works seven days a week and sells to both retail and wholesale customers. Her major business challenges include transportation, seasonality and theft. Grace lives in her own house with her family, and they have electricity but no piped water. Her monthly expenses includes medication, feeding the family and utility bills.

Grace has applied for a loan of 2,000,000 Ugandan shillings from MCDT-SACCO to buy more bags of charcoal. She would love to own a delivery van to help with transporting her charcoal, and to focus on selling to wholesale clients only.

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
  • 361
    View loans »
    Uganda Loans Fundraising
  • $30,344,450
    Funds lent in using Kiva
  • 2,645.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Grace to buy more bags of charcoal.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 14, 2013
Listed
Feb 16, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013