Margaret N. lives in the Nakulabye neighborhood of the city of Kampala, Uganda. She is single and has two children, both of whom are in school. She also takes care of additional family members. Margaret has had a restaurant business for over ten years and she works six days every week. Margaret works from home and sells to all categories of people on retail basis.
Margaret has requested a loan of 1,500,000 UGX from Kiva partner, MCDT SACCO, which she will use to buy more bananas, rice, charcoal, crates of soda and beer, beef and chicken. Margaret's main business challenges are seasonality and defaulters. Her goals and aspirations for her business are to own a fully stocked hotel and build her own business premises. Margaret lives in a home that she rents; she has access to electricity but no piped water. Her major monthly expenses include rent, school fees and medication.
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.