Margaret is 48 years old, widowed, and has five children aged between ten and twenty, all of whom go to school. The family rents a one-roomed house where Margaret lives with eight people. She also takes care of additional family members. She has access to electricity but no piped water at home. The family eats three meals a day. Her biggest monthly expenses are utility bills, school fees, medication and feeding the family.
Margaret owns a stall selling second-hand clothes. She sells on a retail basis only. She works seven days a week and serves an average of 40 customers a day. She has been in this business for over ten years. Her main challenges are seasonal changes and the rainy season because she works from a muddy place.
Margaret has been with Kiva partner, MCDT SACCO, for three years and is now on her seventh loan. She has always worked with the same group mates. She wants to use this loan to buy more bales of second-hand clothes. She hopes to see her business grow, and start selling wholesale only.
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.