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Margaret
Margaret lives in Kampala, Uganda. She is a widow with four children and all of them attend school. She is looking after her sister.

She has been selling charcoal in the market for the last four years at retail, working seven days a week. She also sells piped water to the neighbors and old clothes at her home.

She has requested a loan of UGX 2,500,000 from MCDT- SACCO to enable her buy more charcoal and secondhand clothes for resale. Her business challenges include transporting the charcoal from upcountry to the market and even seasonality. Her dream is to make sure that the profits she makes can cater for her old age, to own a delivery van for ease in transportation and enable her to build rental houses when saved. She joined MCDT because of the timely loans and the good customer care exhibited by the staff. She lives in a family house with no access to electricity but with piped water. Her major monthly expense is 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
  • 308
    View loans »
    Uganda Loans Fundraising
  • $30,718,125
    Funds lent in using Kiva
  • 2,472.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Margaret to buy more bags of charcoal and secondhand clothes for resale.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 7, 2012
Listed
Jun 9, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 18, 2012