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Margaret
Margaret is a single mother of three children who all go to school. She doesn’t take care of any additional family. She goes door to door selling second-hand clothes. She wants to use this loan to buy more bales of second-hand clothes. Margaret buys bales of second-hand clothes from Owino market, one of the busiest markets in Uganda, and uses public transport to and from shopping. She has been in this business for five years.

Besides this clothing business she also owns a poultry farm at her home. Her customers are the local people, and she works six days a week. Her business challenge is the rainy season which hinders her movements. She aspires to getting a permanent business premise. She joined MCDT because she wanted additional capital to boost her business. She resides in and owns a three-roomed house, which has neither electricity nor piped water. Her monthly expenses includes food and school fees.

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
  • 283
    View loans »
    Uganda Loans Fundraising
  • $29,599,275
    Funds lent in using Kiva
  • 2,279.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Margaret to buy more bales of second-hand clothes.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 28, 2010
Listed
Jun 30, 2010
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2010