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Margaret
Margaret N. lives in Kawempe neighborhood, in the city of Kampala, Uganda. She is single and has four children, all of whom are in school. She also takes care of additional family members (sisters). Margaret has a business of selling ground nuts, both squeezed and cereals. She has been in this business for over 10 years, and she works 6 days out of every week. Margaret sells her products at the market, by means of wholesale and retail.

Margret has requested a loan of 1,000,000 Ugandan Shillings from MCDT SACCO, which she will use to buy bags of ground nuts. She also generates additional income through rental rooms. The main business challenge(s) for Margaret include transportation and thieves. Her goals and aspirations for her business are to own a delivery van. Margaret lives in a home that she owns; she has access to electricity and piped water. Her major monthly expenses include school fees, medication and rent for her business premises.

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
  • 342
    View loans »
    Uganda Loans Fundraising
  • $29,753,750
    Funds lent in using Kiva
  • 2,260.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Margaret to buy more bags of groundnuts.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 3, 2010
Listed
Sep 11, 2010
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2011