To earn a living, she operates a restaurant. She has been in the restaurant business for ten years. She serves food to all types of people for retail prices. She generates additional income by selling charcoal. She explains that she works from home seven days out of every week. Her major business challenges are seasonality, the ever-increasing prices of food in Uganda, and customers who default on their required payments.
She has applied for a loan in the amount of 1,700,000 UGX from MCDT-SACCO to buy more food, including bunches of green bananas, beef, sweet and Irish potatoes, ground nuts, fish, chicken, rice and cassava. She dreams of owning a fully-stocked restaurant and buying a plot of land. She decided to join MCDT because of the low interest rates applied to their loans.
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.
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Success!! The loan was 100% repaid