A loan of $875 helped to buy more bales of used clothes.

Margaret's story

Margaret lives in Kampala, Uganda. She is married and has 6 children, all of whom are in school. She doesn’t have to take care of additional family members. Margaret has a business of selling used clothes. She has been in this business for 8 years, and she works 7 days out of every week. Margaret sells her products at the market, by means of retail. Margret has requested a loan of 2000000 Ugandan Shillings from MCDT SACCO, which she will use to buy bales of used clothes. She also generates additional income through selling piped water.

The main business challenge(s) for Margaret include seasonality and transportation. Her goals and aspirations for her business are to start importing used clothes and to buy a motor van for ease in transportation. Margaret lives in a home that she owns; she has access to electricity and has access to piped water. Her major monthly expenses include school fees and paying for utility bills.

Loan details

Lenders and lending teams

Loan details