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Margaret
Margaret lives in Kampala, Uganda. She is married with one child. She sells charcoal at the market on both a retail and wholesale basis. She gets additional income from operating a restaurant at the market on retail basis. She serves all kind of people in her restaurant. Margaret has been in this business for the last 15 years. She takes care of additional family members, and she works seven days a week.

She has requested a loan of Ugandan shillings 3,000,000 from MCDT SACCO to buy bags of charcoal, bunches of green bananas, cassava, sweet potatoes, rice, cooking oil and serving utensils.

Her major challenges include transportation and seasonality. She is aspiring of buying a fridge and also to build rental houses. She lives in her own house, and the family has access to electricity and piped water. Her major expenses include food and medication.

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
  • 327
    View loans »
    Uganda Loans Fundraising
  • $29,746,975
    Funds lent in using Kiva
  • 2,615.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Margaret to buy bunches of green bananas, cassava, sweet potatoes, cooking oil, rice, and serving utensils, along with charcoal.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 4, 2014
Listed
Aug 13, 2014
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014