Funded

Total loan: $600
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Phiona

Uganda
Kampala, Uganda / Used Clothing

A loan of $600 helped To buy more bales of used clothes.


Phiona's story

Phiona lives in Uganda. She is married and has five children, four of whom are in school. Phiona has a business selling second-hand clothes. She has been in this business for three years, and she works six days out of every week.

Phiona sells her products at the market, retail. She has requested a loan of 1,500,000 Ugandan Shillings from MCDT SACCO, which she will use to buy more bales of second-hand clothes. She also generates additional income through a small retail shop.

The main business challenges for Phiona include lack of enough capital to buy many bales and the ever increasing price of used clothes and also building rental rooms. Her goals and aspirations for her business are to start importing used clothes.

Phiona lives in a home that she owns; she has access to electricity and piped water. Her major monthly expenses include school fees and feeding the family.



Loan details

Loan length:

8 months
Disbursed date: July 25, 2011
Facilitated by Field Partner: Micro Credit for Development and Transformation SACCO (MCDT SACCO)

Lenders and lending teams



Loan details

Loan length:

8 months
Disbursed date: July 25, 2011
Facilitated by Field Partner: Micro Credit for Development and Transformation SACCO (MCDT SACCO)