Teddy is a single mother of four children, all of whom go to school. She doesn’t take care of any additional family members.
She has a business of a mini bakery, and has been in this business for ten years. She works from home six days out of every week, and sells on a retail basis. Her major business challenges include seasonality and thieves. Teddy has applied for a loan of 300,000 UGX from MCDT-SACCO to buy more cooking oil, baking flour, cowpeas and baking powder for her business.
Teddy aspires of owning a big bakery and also hopes to educate her children up to university. She resides in her own house and the family has access to electricity and piped water. Her monthly expenses includes school fees and feeding the family.
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.