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Margaret
Margaret lives in Kampala, Uganda. She is married with five children, all of whom attend school. She is not looking after any other member of the family. She lives in a rented house with no access to electricity or piped water. Her major monthly expenses include rent and school fees.

Margaret has been operating an eating establishment in a market for ten years, working six days a week. She does not have any other source of income. She has requested a loan of UGX 500,000 from MCDT- SACCO to enable her to stock more rice, flour, cooking oil, and charcoal, and to replace some saucepans. Her challenges include recovering payments from debtors and unstable food prices. Her dream is to own a big restaurant. She joined MCDT because she wanted her business to grow.

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
  • 375
    View loans »
    Uganda Loans Fundraising
  • $30,352,075
    Funds lent in using Kiva
  • 2,691.7
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Margaret to stock more rice, flour, cooking oil, and charcoal, and to replace some saucepans.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 26, 2012
Listed
Dec 7, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013