Teopista is a single mother of four children, and two of her children go to school. She also takes care of her cousins. She has a business of a retail shop and has been in this business for 20 years.
She has applied for a loan of 700,000 Uganda shillings from MCDT-SACCO to buy more bags of sugar, cartons of salt, boxes of soap, maize flour and small jerrycans of cooking oil. She doesn’t have any other income-generating activity. She works at the market seven days out of every week and sells on a retail basis only. Her major business challenges include seasonality and the ever increasing prices of commodities in Uganda.
She is aspiring of becoming a wholesaler and also building her own house. The family has no access to electricity or piped water. Her monthly expenses include school fees, rent and feeding the family.
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.