Margret
A loan of $850 helps to buy more charcoal and unprocessed foods to sell.
Margret's story
Margret is forty years old and lives in the town of Gayaza, northeast of Kampala in the Buganda Region of Uganda. She is married and has four children with three of them currently in school. For the past eight years, Margret has been working hard managing her business selling charcoal and unprocessed foods.
To help expand her business, Margret has requested a loan of 3,000,000 UGX from Kiva's field partner BRAC Uganda to buy more charcoal and unprocessed foods to sell. This loan will help her to generate greater profits and pay for her children’s education. She hopes that in the future she will be able to construct rental units as a source of income.
Margret is a member of BRAC's microfinance program, which primarily serves small-group members like her who do not have the collateral for commercial loans but have businesses that have grown and qualify for microloans.