Margaret is widowed with seven children, and four of the children go to school. She takes care of additional family members. She resides in a rented house and the family has access to electricity and piped water. Her monthly expenses include school fees and feeding the family.
Margaret operates a retail shop in a space that she rents. She has been in business for 10 years. She works seven days a week.
Margaret has applied for a loan of 800,000 Uganda shillings from MCDT-SACCO to buy bags of flour, cooking oil, boxes of soap and sugar. Her major business challenges include transportation and the ever-increasing prices of her products. She aspires to get a permanent business premise and also to buy a plot of land.
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.