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Margaret
Margaret lives in Kampala, Uganda. She is married with six children who all go to school. She has no additional family members. She sells charcoal from home. She sells her products on a retail basis. She has been in this business for the last 12 years. She also gets additional income from roasting maize. She works seven days a week. Margaret has requested a loan of 900,000 Uganda shillings from MCDT – SACCO to buy bags of charcoal. Her major business challenge is transportation and seasonality. Her goals and aspiration are to build her own rental rooms and also to become a wholesaler. She lives in her own house and the family has no access to electricity or piped water. Her monthly expenses include school fees and medicine.

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
  • 298
    View loans »
    Uganda Loans Fundraising
  • $30,263,650
    Funds lent in using Kiva
  • 2,535.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Margaret to buy more bags of charcoal.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 20, 2012
Listed
Oct 6, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013