100%

funded

Total loan: $400

Margaret

Kampala, Central Region, Uganda / Clothing

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A loan helped To buy more bales of used clothes.


Margaret's story

Margaret is married with four children, and none of her children go to school. She doesn’t take care of additional family members. She has a business of selling used clothes and has been in this business for one year, selling to all categories of people but on a retail basis. She has applied for a loan of 1,000,000 Uganda shillings from MCDT-SACCO to buy more bales of used clothes. She generates additional income through running a restaurant. She works at the market seven days out of every week. Her major business challenges include seasonality and the ever increasing prices of used clothes. She is aspiring to become a wholesaler and also to build her own house. She resides in a rented house, and the family has access to electricity and piped water. Her monthly expenses include rent and feeding the family.