Farida lives in Kampala, Uganda. She is a single mother with three children. All three children are in school. She has no additional family member she cares for.
Farida is a tailor and she sells clothes. She sells her clothes in a shop on a retail basis. She works seven days a week. She has been in this business for ten years. Farida has no other source of income.
She has applied for a loan of Shs. 200,000 to enable her to buy more rolls of clothing materials for sale.
The challenge she has is seasonality. Her goals and aspirations are to buy a piece of land and build rooms for renting. She decided to work with MCDT SACCO because the services are rendered to low-income women. Farida owns the house she stays in and they have access to electricity and piped water. Her greatest monthly expenses include school fees and food.
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.