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.
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.