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Irene
Irene is a single mother of four children, and all her children go to school. She also takes care of additional family members (sister and old parents). She has a business of selling used clothes and has been this business for 7 years, selling to all categories of people but on a retail basis. She moves door to door selling used clothes six days out of every week.

She has applied for a loan of 300,000 Uganda shillings from MCDT-SACCO to buy more bales of used clothes. Her major business challenges include seasonality and thieves. She is aspiring of getting a permanent business location 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 include school fees and paying utility bills and rent.

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
  • 266
    View loans »
    Uganda Loans Fundraising
  • $29,188,300
    Funds lent in using Kiva
  • 2,633.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Irene to buy more bales of used clothes.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 13, 2013
Listed
Mar 21, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013