Funded

Total loan: $450
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Margaret

Uganda
Kampala, Uganda / Charcoal Sales

A loan of $450 helped To buy more bags of charcoal.


Margaret's story

Margret is widowed with four children and all her children go to school. She also takes care of her sisters' children. She owns a store in Kisaasi selling charcoal and sells to all categories of people. both Margaret is widowed with four children and all her children go to school. She also takes care of her sister's children. She owns a store in Kisaasi selling charcoal and sells to all categories of people at retail and at wholesale. She wants to use this loan to buy more bags of charcoal. Margaret doesn’t incur any transport costs because she buys from her place of work. She has been in this business for five years. Besides this charcoal business, she also sells second hand clothes. Her major customers are her neighbors. She works seven days a week. Margaret's biggest challenges are seasonality and debtors. She aspires to educate her children up to university and to start going directly to villages for charcoal. She joined MCDT because they were giving out timely loans. She resides in and owns a two-room house and the family has access to electricity and piped water. Her monthly expenses include school fees and food.



Loan details

Loan length:

6 months
Disbursed date: May 20, 2010
Facilitated by Field Partner: Micro Credit for Development and Transformation SACCO (MCDT SACCO)

Lenders and lending teams



Loan details

Loan length:

6 months
Disbursed date: May 20, 2010
Facilitated by Field Partner: Micro Credit for Development and Transformation SACCO (MCDT SACCO)