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Susan
Susan is married with five children and four of her children go to school. She doesn’t take care of additional family members. She has a beauty salon and has been in this business for 10 years. She has applied for a loan of 1400000 Uganda shillings from MCDT-SACCO to buy more dryers, a washing sink, cream relaxers, braids and weaves. She generates additional income from renting rooms. She works in her shop and sells both retail and wholesale seven days out of every week.

Her major business challenges include thieves, seasonality, and on-and-off electricity. She aspires to own a big beauty salon and also to build more rental rooms. She resides in the family house and the family has access to electricity and piped water. Her monthly expenses include feeding the family and school fees.

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.

Tags

About Uganda

  • $1,500
    Average annual income
  • 257
    View loans »
    Uganda Loans Fundraising
  • $29,230,350
    Funds lent in using Kiva
  • 2,539.9
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Susan to buy more hair dryers, a washing sink, braids, cream relaxers and weaves.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 10, 2013
Listed
Oct 19, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014