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Teo
Teo is married with five children. Three of her children go to school. She doesn’t take care of additional family members. She has a business selling local gin. She has applied for a loan of 1,000,000 Uganda shillings from MCDT-SACCO to buy more jerrycans (a jerrycan is a robust container made from pressed steel) of local gin.

She has been in this business for 5 years selling to all categories of people on a retail basis. She works from her home and works five days a week. Her major business challenges include transportation, thieves and defaulters. She aspires to become a wholesaler and also to see her children receive a university education.

She resides in her own house and the family has access to electricity and piped water. Her monthly expenses include school fees and paying for electricity.

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
  • 215
    View loans »
    Uganda Loans Fundraising
  • $29,088,225
    Funds lent in using Kiva
  • 2,646.7
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Teo to buy more jerrycans (A jerrycan is a robust container made from pressed steel) of local gin.
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