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Margaret
Margaret is single and has six children, one of whom goes to school. Margaret doesn’t need to take care of any other additional family members. She has a business of selling roasted green bananas and has been in this business for eight years. She has applied for a loan of 700,000 Uganda shillings from MCDT-SACCO to buy more bunches of green bananas. She doesn’t have any other income-generating activity. She works at the market seven days out of every week and sells on a retail basis. Her major business challenges include seasonality and thieves. She is investing in used clothes and also to buy a plot of land and build a house. She decided to join MCDT-SACCO because of timely loans. She resides in her own house and the family has no access to electricity nor piped water. Her monthly expenses include rent and school fees.

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
  • $31,089,375
    Funds lent in using Kiva
  • 2,515.7
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Margaret to buy more bunches of green bananas.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 23, 2014
Listed
Apr 29, 2014
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014