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Teddy
Teddy is a single mother of three children and all her children go to school. She doesn’t take care of any additional family members.

She has a business of selling green bananas. She has applied for a loan of 1,300,000 Uganda shillings from MCDT SACCO to buy more bunches of green bananas to sell. She has been selling green bananas for ten years to all categories of people through retail seven days a week. She generates additional income from renting rooms. Her major business challenges include problems with transporting bunches of green bananas and the rainy season, which makes rural roads impassable. She aspires to own a delivery van to ease in transportation, to educate her children up to the university level, and also to become a wholesaler.

She resides in her own house and the family has access to electricity and piped water. Her monthly expenses include school fees and feeding her 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
  • 323
    View loans »
    Uganda Loans Fundraising
  • $29,677,925
    Funds lent in using Kiva
  • 2,677.5
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Teddy to buy more bunches of green bananas to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 20, 2013
Listed
Feb 23, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013