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Marjorie
Marjorie is single with two children, and all of them go to school. She takes care of her mother. She operates a retail shop at the market. She works seven days a week. She has been in business for three years. She also works at the school as a teacher to earn additional income. She has applied for a loan of SHS 1,200,000 from MCDT-SACCO to buy sugar, rice, flour, soap, cooking oil, and salt. Her major challenges include seasonality and transportation. Marjorie aspires to see her business grow into a wholesale business and also to educate her children to a college-level. She would also like to build a commercial house. She lives in her own house, and the family has access to electricity and piped water. Her monthly expenses include paying 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

  • $1,500
    Average annual income
  • 153
    View loans »
    Uganda Loans Fundraising
  • $28,711,800
    Funds lent in using Kiva
  • 2,462.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Marjorie to buy more sugar, rice, soap, cooking oil, and salt.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 8, 2012
Listed
May 15, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012