Nulu is widowed with five children, and only two of her children go to school. She also takes care of additional family members (father and mother).
Nulu has a business of knitting sweaters and table mats. She has been in this business for ten years. She has applied for a loan of 2,000,000 Uganda shillings from MCDT-SACCO to buy more thread, needles and another knitting machine. She works in the shop six days out of every week and sells on a retail basis.
Nulu generates additional income from rental rooms. Her major business challenges include transportation and defaulters. She aspires to own a knitting school and also to become a supplier of sweaters at wholesale.
She resides in her own house, and the family has access to electricity and piped water. Her monthly expenses includes school fees and paying for utility bills.
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.