Teo Mbatudde's Group
In order to make clothes for both men and women, Teo rides a matatu (a shared van) into Kampala to buy textiles and then returns to the store she rents to do the tailoring. She serves an average of 5 customers a day and with the revenues from the tailor shop has been able to open a bar in which she sells beer and soda.
Teo got her first loan from MCDT 4 years ago and has successfully paid back 8 loans. By working with MCDT, she has been able to sell more clothes because she can get more materials to serve more customers. In addition, she has expanded to making uniforms for a local elementary school, The Red Star School. This success has not come without difficulties, as some people do not pay on time for the clothes she has made or sometimes do not pay at all, making it difficult to predict and rely on a steady cash flow.
Due to the proceeds she has garnered thus far, Teo has been able to sustain her family and send all her children to school. With this loan, she hopes to get a step closer to her future goals of expanding her businesses and buying a new plot of land for her house.
The other members of the group are Ruth N., who sells old clothes; Hamida N., who owns and runs a salon; Robina Nabosa, who sells charcoal; and Miriam M., who sells raw food.
About MCDT SACCOThis 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.
This is a Group Loan
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Success!! The loan was 100% repaid