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Charles
Charles is 26 and married with two children. For the past four years, he has owned a welding shop. Welding is a good trade as there is always a need for quality welders. Most shops operate as small businesses alongside the roadways and can easily hire 2-3 additional workers. This is the type of business where once you are established, you will always stay busy. Many businesses that open require no trained skill, i.e. produce stands, and exist only temporarily as long as the operator shows up. With welding, you have a viable business that can even be handed down to your children or sold for a profit.


Charles is a very talented welder who enjoys his trade. With time, he can build a strong clientele. With his loan he plans to buy more metal and oil for his welding machine. His loan is relatively small, but he is new to his lending group. He will need to show that he is capable of repayment before he can acquire a larger loan. In lending groups, the group is responsible for the repayment of any member who defaults; consequently, they have the final say as to who will be a member and how large a loan each member should receive.

About Uganda

  • $1,500
    Average annual income
  • 323
    View loans »
    Uganda Loans Fundraising
  • $29,623,100
    Funds lent in using Kiva
  • 1,696.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Charles to buy more metal and oil for his workshop.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jan 4, 2008
Listed
Dec 21, 2007
Currency Exchange Loss:
Covered
Ended:
May 4, 2008