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Margaret
Margaret N. lives in the Nakulabye neighborhood of the city of Kampala, Uganda. She is single and has two children, both of whom are in school. She also takes care of additional family members. Margaret has had a restaurant business for over ten years and she works six days every week. Margaret works from home and sells to all categories of people on retail basis.

Margaret has requested a loan of 1,500,000 UGX from Kiva partner, MCDT SACCO, which she will use to buy more bananas, rice, charcoal, crates of soda and beer, beef and chicken. Margaret's main business challenges are seasonality and defaulters. Her goals and aspirations for her business are to own a fully stocked hotel and build her own business premises. Margaret lives in a home that she rents; she has access to electricity but no piped water. Her major monthly expenses include rent, school fees and medication.

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
  • 319
    View loans »
    Uganda Loans Fundraising
  • $29,688,425
    Funds lent in using Kiva
  • 2,262.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Margaret to buy more foodstuffs like bananas, rice, beef, crates of beer, soda and chicken.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 6, 2010
Listed
Sep 12, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 20, 2011