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Margaret
Margaret lives in the Makerere neighborhood of the city of Kampala, Uganda. She is married and has four children, all of whom are in school. She also takes care of additional family members. Margaret has a business selling used clothes. She has been in this business for 10 years and works seven days out of every week. Margaret sells her products at the market, by means of wholesale and retail. Margaret has requested a loan of 800,000 Ugandan shillings from MCDT SACCO, which she will use to buy more bales of second hand clothes. She also generates additional income through rental rooms. The main business challenges for Margaret include rain, which hinders her customers ability to come to her, and transportation. Her goals and aspirations for her business are to own a delivery van and build more rental rooms. Margaret lives in a home that she owns. She has access to electricity and piped water. Her major monthly expenses include school fees and feeding her family.

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

  • $1,800
    Average annual income
  • 308
    View loans »
    Uganda Loans Fundraising
  • $30,718,125
    Funds lent in using Kiva
  • 2,390.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Margaret to buy more bales of second hand clothes.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 16, 2011
Listed
May 28, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 16, 2011