Teopista is widowed with five children, three of whom go to school. She doesn’t take care of additional family members. She has a business selling cereals and has been in this business for 10 years. She generates additional income from a pub.
Teopista has applied for a loan of 1,500,000 Uganda shillings from MCDT-SACCO to buy more bags of cereals: beans, groundnuts, maize and sim-sim (sesame seeds). She works from home seven days out of every week and sells on a retail basis. Her major business challenges include seasonality and thieves. She is aspiring of owning a fully stocked pub and also to buy a plot of land and build a house.
Teopista decided to join MCDT-SACCO because of its timely loans. She resides in a rented house and the family has access to electricity but not to piped water. Her monthly expenses include school fees and rent.
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.