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Milly
Milly is married with two children and both her children go to school. She also takes care of additional family members (elderly parents). She knits sweaters and has been in this business for 5 years. She has applied for a loan from MCDTSACCO to buy more threads and additional needles for the knitting machine. Her major customers are schools in the area. She sells on wholesale only and works seven days a week. Her major business challenges includes transportation of threads from Kampala city to her home and also some schools take time to pay back hence inconveniencing her work. She aspires to own a big factory for making sweaters and also to educate her children up to university. She resides in her own house and the family has access to electricity and piped water. Her monthly expenses include 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
  • 382
    View loans »
    Uganda Loans Fundraising
  • $30,352,075
    Funds lent in using Kiva
  • 2,645.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Milly to buy more threads and needles for knitting sweaters.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 14, 2013
Listed
Feb 17, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013