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Olivia
Olivia is a single mother of two children and both her children go to school. She has a beauty salon .She has applied for a loan of Uganda shillings 700,000 from MCDT-SACCO to buy more boxes of hair weaves, braids, cream relaxers and other cosmetics. She has been in this business for four years and sells to all categories of people but on a retail basis seven days a week. Her major business challenges include transportation, thieves and seasonality. She is aspiring of becoming a wholesaler and also to own a delivery van to ease transportation. She resides in a rented house and the family has access to electricity and 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
  • 228
    View loans »
    Uganda Loans Fundraising
  • $29,081,275
    Funds lent in using Kiva
  • 2,646.7
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Olivia to buy more boxes of hair weaves, cream relaxers, braids and cosmetic items.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 5, 2013
Listed
Mar 8, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013