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Nulu
Nulu is widowed with five children, and only two of her children go to school. She also takes care of additional family members (father and mother).

Nulu has a business of knitting sweaters and table mats. She has been in this business for ten years. She has applied for a loan of 2,000,000 Uganda shillings from MCDT-SACCO to buy more thread, needles and another knitting machine. She works in the shop six days out of every week and sells on a retail basis.

Nulu generates additional income from rental rooms. Her major business challenges include transportation and defaulters. She aspires to own a knitting school and also to become a supplier of sweaters at wholesale.

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

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
  • 296
    View loans »
    Uganda Loans Fundraising
  • $29,599,275
    Funds lent in using Kiva
  • 2,519.8
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Nulu to buy more thread, needles and another knitting machine.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 15, 2013
Listed
Apr 25, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 20, 2013