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Pelzi
Pelzi is a 32-year-old man who is married with three children. His primary source of income is the cattle trade and he has been doing this business for the past five years. Pelzi applied for a loan of 1,000,000 UGX to restock more cattle to sell, targeting the festive season. He plans to slaughter three bulls over the Christmas festive season and restock more for the Easter festive season.

Pelzi plans to buy pine tree seedlings from the profits that he will make. He plans to plant them on his piece of land so as to prepare for the future. He will harvest them 10 years from now and will be able to get tuition fees for his children who will be of school-going age by then.

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
  • 163
    View loans »
    Uganda Loans Fundraising
  • $28,672,675
    Funds lent in using Kiva
  • 2,665.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Pelzi to buy bulls to sell.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 6, 2012
Listed
Dec 18, 2012
Currency Exchange Loss:
Possible
Ended:
May 19, 2014