Funded

Total loan: $700
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Teopista

Uganda
Kampala, Uganda / Cereals

A loan of $700 helped to buy more bags of beans, ground nuts, maize, and simsim to sell.


Teopista's story

Teopista is widowed with five children; three of her children go to school. She has a business selling cereals; she has been in this business for eight years. She works from her home seven days a week, and sells on a retail basis only. She generates additional income by selling used clothes and through a pub.

Teopista has applied for a loan of 1,800,000 Uganda shillings from MCDT-SACCO to buy more bags of dry beans, simsim (sesame seeds), ground nuts, and maize. Her major business challenges include seasonality and thieves. She aspires to become a wholesaler, and also to own a fully stocked retail shop.

She resides in a rented house, and the family has access to electricity and piped water. Teopista's monthly expense includes school fees, rent, and feeding the family.



Loan details

Loan length:

7 months
Disbursed date: May 13, 2013
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: May 13, 2013
Facilitated by Field Partner: Micro Credit for Development and Transformation SACCO (MCDT SACCO)