Margaret lives in Uganda, Kampala. She is a widow with four children, of whom two go to school. She has no additional family members. She has a business of selling used clothes. She operates her business on a retail basis and moves door to door selling used clothes seven days a week. She has been in this business for the last three years. She generates additional income from selling clean drinking water. She has requested for a loan of UGX 1,200,000 from MCDT – SACCO to buy several bales of used clothes to sell. She describes her main business challenge as seasonality. Her aspirations are to obtain a permanent business premise and to become a wholesaler. She resides in the family house, where she has access to electricity and running water. Her monthly expenses include school fees and feeding the family.
About MCDT SACCO
This loan is administered by MCDT SACCO, a savings and credit institution operating in Kampala, Uganda. The mission of MCDT SACCO is to provide sustainable financial services to the lower strata of Uganda's poor, especially women, for their economic and social development. MCDT's cooperative structure also affords its clients the opportunity to own shares of the organization and benefit from its financial performance. For more on MCDT SACCO, please see our partner page at http://www.kiva.org/partners/112, and join our lending team, Friends of MCDT SACCO, at http://www.kiva.org/team/friends_of_mcdt_sacco.