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Annet
Annet is widowed with 3 children and two of her children go to school. She also takes care of her nephew and niece. She has run a restaurant for the last 2 years. She has applied for a loan of 1,000,000 Uganda shillings from MCDT-SACCO to buy more bunches of green bananas, beef, rice, Irish potatoes and smoked fish . She works seven days a week. She earns additional income through selling local Gin. Her major business challenges include seasonality and defaulters. She aspires to own a fully stocked restaurant and also to build her own house. She resides in a rented house and the family has access to electricity but no piped water. Her major business challenge includes school fees and rent.

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

  • $1,800
    Average annual income
  • 298
    View loans »
    Uganda Loans Fundraising
  • $30,713,300
    Funds lent in using Kiva
  • 2,565.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Annet to buy more bunches of green bananas, beef, rice, Irish potatoes and smoked fish.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 15, 2013
Listed
May 22, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 18, 2013