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Margaret
Margaret lives in Uganda, Kampala. She is a widow with four children, of whom two go to school. She has no additional family members. She has a business of selling used clothes. She operates her business on a retail basis and moves door to door selling used clothes seven days a week. She has been in this business for the last three years. She generates additional income from selling clean drinking water. She has requested for a loan of UGX 1,200,000 from MCDT – SACCO to buy several bales of used clothes to sell. She describes her main business challenge as seasonality. Her aspirations are to obtain a permanent business premise and to become a wholesaler. She resides in the family house, where she has access to electricity and running water. Her monthly expenses include school fees and feeding the 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.

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About Uganda

  • $1,500
    Average annual income
  • 217
    View loans »
    Uganda Loans Fundraising
  • $29,088,225
    Funds lent in using Kiva
  • 2,577.0
    Uganda Shillings (UGX) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $475 helped Margaret to buy more used clothes to sell.
99% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 18, 2014
Listed
Jun 25, 2014
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015