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Margaret
Margaret lives in Kampala, Uganda. She is married and has 6 children, all of whom are in school. She doesn’t have to take care of additional family members. Margaret has a business of selling used clothes. She has been in this business for 8 years, and she works 7 days out of every week. Margaret sells her products at the market, by means of retail. Margret has requested a loan of 2000000 Ugandan Shillings from MCDT SACCO, which she will use to buy bales of used clothes. She also generates additional income through selling piped water.

The main business challenge(s) for Margaret include seasonality and transportation. Her goals and aspirations for her business are to start importing used clothes and to buy a motor van for ease in transportation. Margaret lives in a home that she owns; she has access to electricity and has access to piped water. Her major monthly expenses include school fees and paying for utility bills.

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
  • 211
    View loans »
    Uganda Loans Fundraising
  • $29,120,000
    Funds lent in using Kiva
  • 2,330.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Margaret to buy more bales of used clothes.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 22, 2012
Listed
Feb 26, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012