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Margaret
Margaret is a single mother of six children and two of her children go to school. She also takes care of additional family members (elderly parents and grandchildren). She has a business of selling green bananas and has been in this business for 15 years. She has applied for a loan of 1,000,000 Uganda shillings from MCDT-SACCO to buy more bunches of green bananas. She generates additional income through selling piped water.

Margaret works from home and sells six days out of every week and sells on retail basis. Her major business challenges include seasonality and defaulters. She aspires to sell on wholesale only and also to build 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 for 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

  • $1,500
    Average annual income
  • 319
    View loans »
    Uganda Loans Fundraising
  • $29,688,425
    Funds lent in using Kiva
  • 2,572.5
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Margaret to buy more bunches of green bananas.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 7, 2013
Listed
Aug 17, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013