Farida is married and has four children. Three of her children go to school. She doesn’t take care of additional family members. She has a business selling sugar cane, and she has been in this business for six years. She resides in a rented house, and the family has access to electricity and piped water. Her monthly expenses include rent and paying school fees for her children.
She has applied for a loan of 500,000 Uganda shillings (UGX) from MCDT-SACCO. She will use the loan to buy more bundles of sugar cane to resell. 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 thieves. She is aspiring to become a wholesaler, and also to build her own house.
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.