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Joyce
Joyce is married with 4 children and they all go to school. She also takes care of an additional two grandchildren. She has a beauty salon and has been in this business for 10 years. She has applied for a loan of 1.500,000 Uganda shillings from MCDT-SACCO to buy more boxes of cream relaxers, braids, weaves and Vaseline. She works at the market six days a week. Her major business challenges include seasonality and defaulters. She aspires to own a fully stocked beauty salon and also to build rental rooms. She resides in a rented house and the family has access to electricity and piped water. Her monthly expenses includes school fees and paying for 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
  • 257
    View loans »
    Uganda Loans Fundraising
  • $29,230,350
    Funds lent in using Kiva
  • 2,565.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Joyce to buy more boxes of cream relaxers, weaves, braids and vaseline.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 15, 2013
Listed
May 22, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014