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Margaret
Margaret lives in Uganda. She is single and has 3 children, all of whom are in school. She also takes care of additional family members (mother, niece and nephew).

Margaret has a business of selling paper. She has been in this business for 8 years and she works 6 days out of every week. Margaret sells her products from home, by means of wholesale and retail. Margaret has requested a loan of 1,200,000 Ugandan Shillings from MCDT SACCO, which she will use to buy more boxes of paper and paper glue. The main business challenges for Margaret include seasonality and the ever increasing prices of paper. Her goals and aspirations for her business are to buy a plot of land on which to build rental houses and also to get a permanent business premise.

Margaret lives in a home that she owns; she has access to electricity but doesn't have access to piped water. Her major monthly expenses include school fees and feeding the 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
  • 259
    View loans »
    Uganda Loans Fundraising
  • $30,713,300
    Funds lent in using Kiva
  • 2,390.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Margaret to buy more boxes of paper and paper glue.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 11, 2011
Listed
May 29, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2011