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Racheal
Racheal is married and has five children, four of whom attend school. She also takes care of her younger brother and sister. She resides in a home with electricity and piped water. Her monthly expenses include school fees and feeding her family.

For the past six years, Racheal has run a business selling green bananas. She works at the market and sells on retail basis six days a week. Her major business challenges include thieves and seasonality.

She is applying for a loan of 1,500,000 Uganda shillings from MCDT-SACCO to buy more bunches of green bananas. She aspires to become a wholesaler and finance her children's education up to a university level.

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
  • 290
    View loans »
    Uganda Loans Fundraising
  • $30,725,575
    Funds lent in using Kiva
  • 2,510.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Racheal to buy more bunches of green bananas.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 6, 2013
Listed
Nov 11, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014