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Margaret
Margaret lives in Uganda. She is single and has five children, all of whom are in school. She also takes care of additional family members (her sister). Margaret has a beauty salon business. She has been in this business for ten years, and she works seven days a week. Margaret does her business in the market. Margaret has requested a loan of 1,000,000 Ugandan Shillings from MCDT SACCO, which she will use to buy more boxes of cream relaxers, weaves and braids. She doesn’t have any other income generating activity.

The main business challenges for Margaret include thieves and transportation. Her goals and aspirations for her business are to own a fully stocked shop and also to build her own house. Margaret lives in a home that she rents; she has access to electricity and doesn't have access to piped water. Her major monthly expenses include school fees, rent 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

  • $1,500
    Average annual income
  • 160
    View loans »
    Uganda Loans Fundraising
  • $28,315,525
    Funds lent in using Kiva
  • 2,475.0
    Uganda Shillings (UGX) = $1 USD