Margaret K. lives in the Lugala neighborhood in the city of Kampala, Uganda. She is married and has six children, all of whom are in school. Margaret has a restaurant. She has been in this business for 7 years, and she works 6 days out of every week.
Margaret sells her food from home. She has requested a loan of 300,000 Ugandan Shillings from MCDT SACCO, which she will use to buy more bunches of bananas, beef, chicken, cassava, and 10 kgs of rice. The main business challenge for Margaret is seasonality. Her goals and aspirations for her business are to buy a plot of land and build rental rooms.
Margaret lives in a home that she rents; she has access to electricity but doesn't have access to piped water. Her major monthly expenses include food, rent, school fees and medication.
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.