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Magdalena
Magdalena is married with five children and all her children go to school. She also takes care of additional family members (elderly parents). She has a business selling charcoal and has been in this business for one year. She has applied for a loan of 3,000,000 Ugandan shillings from MCDT-SACCO to buy more bags of charcoal and generates additional income from rental rooms. She works at the market seven days out of every week and sells on a retail basis only. Her major business challenges include seasonality, thieves, and defaulters. She aspires to sell wholesale only, to educate her children up to university, and to get enough profits to build rental rooms. She resides in her own house and the family has access to electricity and piped water. Her monthly expenses includes school fees and feeding her family.

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
  • 295
    View loans »
    Uganda Loans Fundraising
  • $30,263,650
    Funds lent in using Kiva
  • 2,640.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Magdalena to buy more bags of charcoal.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 20, 2013
Listed
Mar 24, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 18, 2013