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Margaret
Margaret lives in Kampala, Uganda. She is married with four children and all her children go to school. She takes care of additional family members (two sisters). She sells charcoal at the market on a retail basis. She also gets additional income from selling secondhand clothes. She has been in this business for the last 1 year. She works seven days a week.

She has requested a loan of Uganda shillings 1,000,000 from MCDT – SACCO to buy bags of charcoal. Her major business challenges are transportation and seasonality. Her goals and aspirations are to buy a truck to help with transportation and also to build rental houses. She lives in her own house and the family has access to electricity and piped water. Her monthly expenses include school fees and food.

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
  • 172
    View loans »
    Uganda Loans Fundraising
  • $28,677,475
    Funds lent in using Kiva
  • 2,621.2
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Margaret to buy more bags of charcoal.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 15, 2012
Listed
Nov 18, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013