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Grace
Grace is married with one child and her child goes to school. She has a clothing boutique business and had been in this business for 4 years. She has applied for a loan of 500,000 Uganda shillings from MCDT-SACCO to buy more bales of clothes. She doesn’t have any other income generating activity. She works in a shop and sells on retail basis seven days out of every week. Her major business challenges include seasonality and defaulters. She aspires to become a wholesaler and also to buy a plot of land and build her own house. She decided to join MCDT-SACCO because of low interest charged. She resides in rented house and the family has access to electricity, but not to piped water. Her monthly expenses include rent and feeding the family.

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

  • $1,500
    Average annual income
  • 224
    View loans »
    Uganda Loans Fundraising
  • $28,946,125
    Funds lent in using Kiva
  • 2,523.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Grace to buy more bales of used clothes.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 2, 2013
Listed
Dec 7, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014