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Fatuma
Fatuma is married with three children and all her children go to school. She doesn’t take care of additional family members. She has a business selling used clothes and has been in this business for seven years. She generates additional income from rental rooms.

She has applied for a loan of 500,000 Uganda shillings from MCDT-SACCO to buy more bales of used clothes. She works six days out of every week and sells on a retail basis only, in a shop that she rents. Her major business challenges include seasonality and defaulters. She is aspiring of becoming a wholesaler and also to start importing used clothes.

Fatuma resides in her own house and the family has access to electricity and piped water. Her monthly expenses include school fees, rent for her business premises, 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
  • 360
    View loans »
    Uganda Loans Fundraising
  • $30,344,450
    Funds lent in using Kiva
  • 2,594.9
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Fatuma to buy more bales of used clothes.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 7, 2013
Listed
Jun 19, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014