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Richard K
Richard is 28 years old, has four children, and lives in Kanungu District. He is a market trader selling produce and cereals. His business is located in a daily market of Kihihi. He proudly says he has a great number of customers that includes nearby schools and the town council population. Richard, who has spent seven years in his business, attributes his success to the freshness of his produce, trust that his customers have invested in him, and the availability of produce. Richard is able to meet the daily demands of his customers due to the constant supplies he gets. He also ventured in alcohol sales that has been very critical in increasing his profits.

In the future, Richard plans to expand his businesses and educate his children to higher levels. This is Richard's first loan from Pearl and Kiva and he hopes for the best outcome although his first capital was from a loan through a local Savings and Credit Organization (SACCO). With the Kiva loan, Richard intends to use his hard-working spirit to expand his business by purchasing more cereals for resale.

About Uganda

  • $1,800
    Average annual income
  • 231
    View loans »
    Uganda Loans Fundraising
  • $31,013,475
    Funds lent in using Kiva
  • 2,585.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Richard K to buy more cereals for increased stock and resale.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 23, 2011
Listed
Jul 19, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 6, 2012