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Margaret
Margaret lives in Kampala, Uganda. She is single and has 2 children, both of whom are in school. She doesn't take care of additional family members. She has a business of a restaurant. She has been in this business for 5 years, and she works 7 days out of every week.

She rus her restaurant at the market and sells food on retail bais. She has requested for a loan of 2,000,000 Ugandan Shillings from MCDT SACCO, which she will use to buy more bunches of bananas, beef, chicken, rice, and both Irish and sweet potatoes. She also generates additional income through rental houses.

The main business challenges for Margaret include seasonality and defaulters. Her goals and aspirations for her business are to own a fully stocked restaurant and to build more rental houses. She lives in a home that she owns where she has access to electricity and to piped water. Her major monthly expenses include feeding the family and school fees.

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
  • 294
    View loans »
    Uganda Loans Fundraising
  • $30,299,000
    Funds lent in using Kiva
  • 2,340.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Margaret to buy more bunches of bananas, beef, chicken, rice, and both Irish and sweet potatoes.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 20, 2012
Listed
Feb 27, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012