Fatuma is married with three children and all her children go to school. She doesn’t take care of additional family members. She has a business selling used clothes and has been in this business for seven years. She generates additional income from rental rooms.
She has applied for a loan of 500,000 Uganda shillings from MCDT-SACCO to buy more bales of used clothes. She works six days out of every week and sells on a retail basis only, in a shop that she rents. Her major business challenges include seasonality and defaulters. She is aspiring of becoming a wholesaler and also to start importing used clothes.
Fatuma resides in her own house and the family has access to electricity and piped water. Her monthly expenses include school fees, rent for her business premises, and paying 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.