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Margaret
Margaret is a single mother of three children and only one of her children goes to school. She also takes care of additional family members (cousin and brother). She has a business tailoring and has been in this business for 10 years. She has applied for a loan of 500,000 Uganda shillings from MCDT-SACCO to buy more rolls of clothing material and thread. She generates additional income through rental houses. She works in a shop six days every week and sells on a retail basis. Her major business challenges are seasonality and defaulters. She aspires to own three more sewing machines and also to build more rental rooms. She resides in her own house and the family has access to electricity and piped water. Her monthly expenses include school fees and paying utility bills.

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

  • $1,800
    Average annual income
  • 290
    View loans »
    Uganda Loans Fundraising
  • $31,055,375
    Funds lent in using Kiva
  • 2,584.8
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Margaret to buy more rolls of clothing material and thread.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 19, 2013
Listed
Jul 28, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013