Funded

Total loan: $425
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Florence

Uganda
Kampala, Uganda / Charcoal Sales

A loan of $425 helped to buy more bags of charcoal.


Florence's story

Florence is widowed with six children and only two of her children go to school. She also takes care of additional family members (grandchildren).

Florence has a business of selling charcoal and sells to all categories of people at retail prices. She has applied for a loan of 1,000,000 Ugandan shillings from MCDT SACCO to buy more bags of charcoal. She generates additional income by selling piped water and hiring out a motorcycle. Her major business challenges include seasonality and thieves who always break into her charcoal store. Florence aspires to see her business grow big so that she can become a wholesaler and also build rental rooms. She resides in her own house and the family has access to electricity and piped water. Her monthly expenses includes school for the remaining children and paying utility bills.



Loan details

Loan length:

7 months
Disbursed date: July 13, 2012
Facilitated by Field Partner: Micro Credit for Development and Transformation SACCO (MCDT SACCO)

Lenders and lending teams



Loan details

Loan length:

7 months
Disbursed date: July 13, 2012
Facilitated by Field Partner: Micro Credit for Development and Transformation SACCO (MCDT SACCO)