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Phina
Phina is married with three children. All her children go to school. She also takes care of additional family members (her sister and older parents).

She has had a business selling charcoal for 10 years. She sells to all kinds of people on a retail basis seven days a week at the market. She has applied for a loan of 2,000,000 Uganda shillings from MCDT-SACCO to buy more bags of charcoal. She also generates additional income from rental houses. Her major business challenges include seasonality and thieves. She aspires to become a wholesaler and also to build her own house.

She resides in a rented house and the family has access to electricity and piped water. Her monthly expenses includes 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
  • 364
    View loans »
    Uganda Loans Fundraising
  • $29,766,150
    Funds lent in using Kiva
  • 2,646.7
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Phina to buy more bags of charcoal.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 6, 2013
Listed
Mar 9, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013