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Fred
“Rise up to the occasion” – he truly has been a testament to that. This is the simple business story of 41-year-old M. Fred, an enterprising produce-sales businessman operating in Nyamadane in Bushenyi.

Fred is a happily married man with ten children. As proof of the fact that he has what it takes to take care of all of them, he says he has seen all of them through school, the last born having recently finished his “A-levels” (high school advanced-level exams). Calling into question why he has such a big number of children is something which is frowned upon, especially in a rural setting where people believe in having many children, notwithstanding their financial status.

It’s a modest six-year-old business, but it has enabled Fred to make ends meet to a certain degree on weekly profits of 60,000 shillings. Barring the achievements he has registered, he is still behind schedule in many of his other set objectives. It’s for this reason that he wants this loan. He figures he will be able to purchase in bulk more crops like maize, beans, groundnuts (peanuts) and peas that he hopes to resell.

About Uganda

  • $1,500
    Average annual income
  • 227
    View loans »
    Uganda Loans Fundraising
  • $28,946,125
    Funds lent in using Kiva
  • 2,253.5
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Fred to purchase in bulk crops like maize, beans, groundnuts, etc.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 8, 2010
Listed
Jun 19, 2010
Currency Exchange Loss:
Possible
Ended:
Mar 24, 2011