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Wellen
Wellen is a married man aged 40 years old with four children. Two of his children attend school. Wellen is an agriculturalist who specializes in milling millet and cassava. He works 7 days of the week and earns an average income of 300,000/- per month. He supplements his farming income with income from a saloon and from charging phones using solar energy since his village does not have power. He charges only 500 UGX (five hundred Ugandan shillings) for each phone that is charged and charges at least six phones each day.

Wellen is not borrowing for the first time, his previous loan was 2,000,000 UGX, which he used to buy a milling machine. This time he has applied for UGX 3,000,000(Three Million uganda shillings) so that she can buy a motorcycle, which will be used as a 'boda boda' for transport business. The motorcycle will supplement his family income and he will be able to meet his other daily obligations.

His major challenge has been lack of enough capital to buy fuel for the milling machines since petrol and diesel are very expensive in Uganda, making it very hard for him to meet his customers' needs.

He is grateful to UGAFODE beause the loans have helped him to attain assets like the milling machine and the motorcycle he intends to buy He describes himself as very hard working and honest.

About Uganda

  • $1,500
    Average annual income
  • 227
    View loans »
    Uganda Loans Fundraising
  • $28,946,125
    Funds lent in using Kiva
  • 2,480.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Wellen to buy a motorcycle.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 19, 2012
Listed
May 28, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012