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Nulu
Nulu is married with four children and all her children go to school. She also takes care of additional family (sister). She has a business of selling charcoal and has been in this business for 4 years. She has applied for a loan of 1,500,000 Uganda shillings from MCDT-SACCO to buy more bags of charcoal.

She works from her home six days out of every week and sells on a retail basis only. Her major business challenges include seasonality and the transportation of bags of charcoal up to her home.

She is aspiring of owning a delivery van to ease transportation and also to educate her children up to university. She resides in her own house and the family has access to electricity and piped water. Her monthly expenses includes school fees and paying 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
  • 158
    View loans »
    Uganda Loans Fundraising
  • $28,703,800
    Funds lent in using Kiva
  • 2,582.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Nulu to buy more bags of charcoal.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 10, 2013
Listed
May 21, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014