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David
David joined UGAFODE Microfinance Limited (MDI) in 2010 for financial assistance to boost his cattle rearing project. He obtained the loan and bought the cows which have enabled him to increase milk production. The milk sales increased his family income and has helped to educate his children.
David is taking this loan to boost his milk production by buying more cows and treating the ones on the farm with veterinary medicine.
He praises the UGAFODE Microfinance Limited - Rukungiri branch for the support which has enabled him to educate his children and maintain his business of cattle rearing

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
  • 322
    View loans »
    Uganda Loans Fundraising
  • $29,677,925
    Funds lent in using Kiva
  • 2,684.9
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped David to buy more cows and veterinary drugs.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 18, 2013
Listed
Jan 23, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013