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Betty
Betty is widowed with five children and all her children go to school. She also takes care of additional family members (her father). She has a business selling used clothes and has been doing this for eight years. She has applied for a loan of 1,500,000 Uganda shillings from MCDT SACCO to buy more bales of used clothes. She generates additional income through selling piped water. She works in a shop six days out of every week and sells on a retail basis. Her major business challenges include seasonality and defaulters. She resides in her own house and the family has access to electricity and piped water. Her monthly expenses includes school fees and paying for 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

  • $1,800
    Average annual income
  • 289
    View loans »
    Uganda Loans Fundraising
  • $31,055,375
    Funds lent in using Kiva
  • 2,590.1
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Betty to buy more bales of used clothes.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 21, 2013
Listed
Aug 29, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014