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.
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.