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Boaz
Boaz is a herdsman who is married with 5 children, all of whom are in school. He will use the loan to buy young bulls that he will feed and sell at a higher price after three months. He plans to buy more land so that he can increase the number of cows he sells. With the increase in sales will also come increased profits, so he will be able to easily meet the children's school fees and the other household demands. His main challenge is cattle diseases and quarantines. With more loans from Ugafode, he will build a permanent house for his family.

Additional Information

More information about this loan

This loan is part of UGAFODE's program for clients who live in isolated rural areas with limited access to financial services. Uniquely, UGAFODE focuses its efforts on agricultural areas in Uganda that are over 50 km from their branches, providing loans to both groups and individual borrowers. The organization believes that the risk of offering services to remote clients is outweighed by the benefits to customers and their often underserved communities.

About Uganda

  • $1,500
    Average annual income
  • 157
    View loans »
    Uganda Loans Fundraising
  • $28,703,800
    Funds lent in using Kiva
  • 2,597.7
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Boaz to buy young bulls for fattening.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 13, 2012
Listed
Nov 13, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013