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Milly
Milly is married with three children, and all her children go to school. She also takes care of additional family members, including her young brothers.

She has a business of a beauty salon and has been in this business for eight years. She has applied for a loan of 500,000 Uganda shillings from MCDTSACCO to buy more boxes of cosmetics, weaves, and braids. She also generates additional income through selling soft drinks.

She works from home and sells on a retail basis seven days a week. Her challenges include seasonality and ever increasing prices of cosmetics. She aspires to own a bridal salon and also to buy land and build her own house. Her monthly expenses include 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
  • 287
    View loans »
    Uganda Loans Fundraising
  • $31,111,650
    Funds lent in using Kiva
  • 2,580.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Milly to buy more boxes of cosmetics, braids, and weaves.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 22, 2013
Listed
Jul 31, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014