Teddy is married with two children and one of her children goes to school. She doesn’t take care of any additional family members. Teddy lives in a rental house and her family has access to electricity and running water. For the past two years, Teddy has run a retail shop and she generates additional income teaching part-time at a nearby school. Her major business challenges include transportation and the ever-increasing prices of commodities in Uganda. Teddy's monthly expenses include rent and school fees for her child.
Teddy is requesting a 500,000 UGX loan from MCDT-SACCO to buy more bags of sugar, boxes of soap, cartons of salt, small jerycans of cooking oil, and bags of bread. In the future, she aspires to become a wholesaler and also to save some money and buy a plot of land to build her own house.
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.