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Micheal
Micheal is a fifty-two-year-old married man with eight children living in Fort Portal, Uganda. His main business is crop production, and in addition a dairy cow that earns him additional income from milk sales. His main challenges are unpredictable weather changes and price fluctuations. He has plans of buying a solar system, educate his children, buy a car and complete construction of his residential house. Micheal is requesting a loan to buy land and expand his banana plantation.

Additional Information

More information about this loan

This loan is part of HOFOKAM's program targeting poor and geographically excluded populations in Western Uganda. In addition to loans, it provides social and business training programs to low-income entrepreneurs and their communities. Since 2003, HOFOKAM has provided sustainable financial and non-financial services to promote social, economic and sustainable land development and improve the quality of life for vulnerable populations. The organization has a clear vested interest in underserved communities with its headquarters in rural Fort Portal and a number of branches in extremely remote areas.
 

About Uganda

  • $1,500
    Average annual income
  • 227
    View loans »
    Uganda Loans Fundraising
  • $28,946,125
    Funds lent in using Kiva
  • 2,670.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Micheal to buy land and expand his banana plantation.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 22, 2012
Listed
Dec 18, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013