Funded

Total loan: $300
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Margaret

Uganda
Kampala, Uganda / Used Clothing

A loan of $300 helped to buy more bales of used clothes.


Margaret's story

Margaret is widowed with seven children. Only two of her children to school. She also takes care of additional family members (grandchildren) . She has a business selling used clothes and has been in this business for 3 years. She sells to all categories of people but on a retail basis. She has applied for a loan of 800,000 UGX from MCDT-SACCO to buy more bales of used clothes. She doesn’t have any other income-generating activity. She works six days a week at the market. Her major business challenges include thieves and the ever-increasing prices of used clothes in Uganda. She resides in her own house and the family has access to electricity and piped water. Her monthly expenses include school fees and feeding the family.



Loan details

Loan length:

8 months
Disbursed date: January 23, 2013
Facilitated by Field Partner: Micro Credit for Development and Transformation SACCO (MCDT SACCO)

Lenders and lending teams



Loan details

Loan length:

8 months
Disbursed date: January 23, 2013
Facilitated by Field Partner: Micro Credit for Development and Transformation SACCO (MCDT SACCO)