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Susan
Susan is married and has five children, four of whom go to school. She also takes care of additional family members (cousins and sisters). Susan has a beauty salon and has been in this business for 10 years. She has applied for a loan from MCDT-SACCO to buy more boxes of cream relaxers, oil, weaves and braids. She works from her home and sells on a retail basis only seven days a week. Susan's major business challenges include seasonality, defaulters and ever-increasing prices of cosmetics in Uganda. She aspires to own a fully stocked salon 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 include school fees and 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
  • 319
    View loans »
    Uganda Loans Fundraising
  • $29,677,925
    Funds lent in using Kiva
  • 2,600.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Susan to buy boxes of cream relaxers, oil, weaves and braids.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 16, 2013
Listed
May 25, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 18, 2013