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Fred
As they say, determination leads to destiny, and M. Fred is gaining momentum in his charcoal-selling business. Many people tend to undermine casual work but the 57-year-old married father of two children and two dependents has been able to earn a living through that business for twelve years.

Charcoal is commonly used here in Uganda as a form of energy in many homes that cannot purchase paraffin (kerosene), gas or electricity. Through the selling of charcoal Fred is able to earn 250,000 Ugandan shillings monthly as profits, though having drawbacks like transporting his products to bigger markets such as Kampala city.

With this loan, Fred hopes to expand into bigger markets. He says that he inherited his business from his father after his father’s death and works hard to ensure that he expands it further.

About Uganda

  • $1,500
    Average annual income
  • 290
    View loans »
    Uganda Loans Fundraising
  • $29,599,275
    Funds lent in using Kiva
  • 2,207.5
    Uganda Shillings (UGX) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $475 helped Fred to buy more bags of charcoal to sell to expand his business.
99% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 5, 2010
Listed
Jun 2, 2010
Currency Exchange Loss:
Possible
Ended:
Sep 16, 2011