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Margaret
Margret is widowed with four children and all her children go to school. She also takes care of her sisters' children. She owns a store in Kisaasi selling charcoal and sells to all categories of people. both Margaret is widowed with four children and all her children go to school. She also takes care of her sister's children. She owns a store in Kisaasi selling charcoal and sells to all categories of people at retail and at wholesale. She wants to use this loan to buy more bags of charcoal. Margaret doesn’t incur any transport costs because she buys from her place of work. She has been in this business for five years. Besides this charcoal business, she also sells second hand clothes. Her major customers are her neighbors. She works seven days a week. Margaret's biggest challenges are seasonality and debtors. She aspires to educate her children up to university and to start going directly to villages for charcoal. She joined MCDT because they were giving out timely loans. She resides in and owns a two-room house and the family has access to electricity and piped water. Her monthly expenses include school fees and food.

Additional Information

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.

About Uganda

  • $1,500
    Average annual income
  • 245
    View loans »
    Uganda Loans Fundraising
  • $28,946,125
    Funds lent in using Kiva
  • 2,274.6
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Margaret to buy more bags of charcoal.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 20, 2010
Listed
May 31, 2010
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2010