A loan of $450 helped to buy more bags of groundnuts.

Margaret's story

Margaret N. lives in Kawempe neighborhood, in the city of Kampala, Uganda. She is single and has four children, all of whom are in school. She also takes care of additional family members (sisters). Margaret has a business of selling ground nuts, both squeezed and cereals. She has been in this business for over 10 years, and she works 6 days out of every week. Margaret sells her products at the market, by means of wholesale and retail.

Margret has requested a loan of 1,000,000 Ugandan Shillings from MCDT SACCO, which she will use to buy bags of ground nuts. She also generates additional income through rental rooms. The main business challenge(s) for Margaret include transportation and thieves. Her goals and aspirations for her business are to own a delivery van. Margaret lives in a home that she owns; she has access to electricity and piped water. Her major monthly expenses include school fees, medication and rent for her business premises.

Loan details

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Loan details