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Florence
Florence is a single mother of two children and both her children go to school. She also takes care of an additional family member, a sister. She has a business selling chips, eggs and cold drinks. She works in a shop and sells on a retail basis seven days out of every week. She has applied for a loan of 1,300,000 Uganda shillings from MCDT-SACCO to buy more bags of Irish potatoes, cooking oil, trays of eggs, crates of soda and boxes of mineral water. Her major business challenge includes the seasonality and ever increasing prices of Irish potatoes and cooking oil. She aspires to own a fully stocked restaurant and also to buy a plot of land and build her own house. She resides in a rented house and the family has access to electricity but not to piped water. Her monthly expenses include rent 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.

About Uganda

  • $1,800
    Average annual income
  • 310
    View loans »
    Uganda Loans Fundraising
  • $30,718,125
    Funds lent in using Kiva
  • 2,517.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Florence to buy more bags of Irish potatoes, cooking oil, trays of eggs and crates of soda.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 6, 2013
Listed
Nov 10, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014