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Teo
Teo is married with four children, and all of her children go to school. She has a business selling vegetables and has been in this business for three years. She doesn’t have any other income-generating activity.

Teo has applied for a loan of 400,000 Ugandan shillings from MCDT SACCO to buy more baskets of cabbages, amaranth and tomatoes. She works at the market seven days a week and sells on wholesale only. Her major business challenges include thieves and seasonality.

Teo aspires to grow amaranth and cabbages herself and also to build her own house. She resides in a rented house, and the family has no access to electricity but has access to piped water. Her monthly expenses include rent and 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
  • 160
    View loans »
    Uganda Loans Fundraising
  • $28,340,225
    Funds lent in using Kiva
  • 2,640.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $175 helped Teo to buy more baskets of cabbages,tomatoes and amaranth.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 12, 2013
Listed
Feb 18, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013