Funded

Total loan: $775
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Margaret

Uganda
Kampala, Uganda / Charcoal Sales

A loan of $775 helped to buy bags of charcoal to offer for sale.


Margaret's story

Margaret sells charcoal to earn a living and has been engaged in this business for 12 years. She works from her home seven days a week. In addition to her charcoal business, she generates additional income by offering rental rooms. Her major business challenges include transportation and seasonality. Margaret and her husband have five children, only one of whom attends school. She also takes acre of her brother’s son. She owns her own house and the family has access to electricity and piped water. Her monthly expenses include school fees and utility bills.

She has applied for a loan in the amount of 2,000,000 Uganda shillings from MCDT-SACCO, which she will use to buy more bags of charcoal.

Margaret's goal is eventually to acquire a delivery van to ease her transportation difficulties. She also aspires to become a wholesaler.



Loan details

Loan length:

6 months
Disbursed date: February 18, 2013
Facilitated by Field Partner: Micro Credit for Development and Transformation SACCO (MCDT SACCO)

Lenders and lending teams



Loan details

Loan length:

6 months
Disbursed date: February 18, 2013
Facilitated by Field Partner: Micro Credit for Development and Transformation SACCO (MCDT SACCO)