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Imelda
Imelda is a widow and has six children, one whom goes to school. She has also takes care of additional family members (grandchildren). She has a restaurant business and has been in this business for over ten years. She has applied for a loan of 2,500,000 Uganda shillings from MCDT-SACCO, to buy more bunches of green bananas, beef, chicken, ground nuts, sweet potatoes and rice. She generates additional income from renting rooms. She works in a shop and sells on a retail basis six days of every week. Her major business challenges includes the rainy season, which hinders her customers from reaching out to her, and also defaulters. She aspires to own a fully stocked restaurant and also to build more rental rooms. She resides in her own house, and the family has access to electricity and piped water. Her monthly expenses includes school fees for her grandchildren 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
  • 400
    View loans »
    Uganda Loans Fundraising
  • $30,354,325
    Funds lent in using Kiva
  • 2,602.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Imelda to buy more bunches of green bananas, beef, chicken, ground nuts, rice and sweet potatoes for her restaurant.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 19, 2013
Listed
Jun 28, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 18, 2013