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Fred
Fred is an illiterate married man who could not find a job for many years. He therefore suffered in poverty until he discovered the secret of growing tomatoes, which always have a ready market. He has since bought himself a number of pieces of land and is now doing quite well growing tomatoes.

He is now able to educate his children and has bought a simple grain milling machine. With this loan, he will buy tomato seeds, pesticides and mulch for the tomato garden. He hopes for a better livelihood for himself and family. He is a very hardworking man.

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
  • 233
    View loans »
    Uganda Loans Fundraising
  • $29,183,825
    Funds lent in using Kiva
  • 2,664.9
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Fred to buy tomato seeds, pesticides and mulch.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 6, 2012
Listed
Dec 28, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014