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Teopista
Teopista is widowed with five children; three of her children go to school. She has a business selling cereals; she has been in this business for eight years. She works from her home seven days a week, and sells on a retail basis only. She generates additional income by selling used clothes and through a pub.

Teopista has applied for a loan of 1,800,000 Uganda shillings from MCDT-SACCO to buy more bags of dry beans, simsim (sesame seeds), ground nuts, and maize. Her major business challenges include seasonality and thieves. She aspires to become a wholesaler, and also to own a fully stocked retail shop.

She resides in a rented house, and the family has access to electricity and piped water. Teopista's monthly expense includes school fees, rent, and feeding the family.

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
  • 154
    View loans »
    Uganda Loans Fundraising
  • $28,711,800
    Funds lent in using Kiva
  • 2,585.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Teopista to buy more bags of beans, ground nuts, maize, and simsim to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 13, 2013
Listed
May 20, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 18, 2013