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Margaret
Margaret is married with six children, only two of whom go to school. She doesn’t take care of additional family members. She resides in her own house and the family has no access to electricity or piped water. Her monthly expenses are school fees and feeding the family.

Margaret has a business selling used clothes and has been in this business for eight years. She has applied for a loan of 1,000,000 Ugandan shillings from Micro Credit for Development and Transformation SACCO (MCDT SACCO) to buy more bundles of used clothes.

She works at the market six days a week and sells on retail basis only. She sells piped water to generate additional income. Her major business challenges include transportation and seasonality. She aspires to buy a delivery van to lessen these challenges.

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
  • 353
    View loans »
    Uganda Loans Fundraising
  • $29,763,250
    Funds lent in using Kiva
  • 2,587.5
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Margaret to buy more bundles of used clothes.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 7, 2012
Listed
Nov 10, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013