Farida is married with one child, and her child goes to school. She also takes care of her mother.
She has a business of selling used clothes, and she has been in this business for two years. She has applied for a loan of UGX 200,000 from MCDT-SACCO to buy more skirts and blouses.
She moves door to door selling used clothes and sells on a retail basis four days out of every week. Her major business challenges include seasonality and defaulters.
She aspires to own a permanent business premises. She decided to join MCDT-SACCO because of the low interest charged.
She resides in a rented house, where she has access to electricity and piped water. Her monthly expenses include rent 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.