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Aggrey
This is Aggrey. He tells his credit officer: "I am a self-employed Ugandan citizen working as a boda-boda (motorcycle) cyclist. At the same time, I own a small retail shop in Rwerere Town on the outskirts of Rukungiri Town. I started both these businesses with the small capital I earned from selling coffee and bananas.

"I was advised to get financial assistance from a financial institution since I wanted to buy a new motorcycle. I immediately joined UGAFODE Microfinance Limited (MDI) in 2011 because it was well spoken-of in our community. UGAFODE advanced me an Asset Acquisition Loan in 2011 to buy a new motorcycle, and I have been able to improve and increase my earnings since then. I have been able to pay for my children’s school fees and maintain a stable family.

It is through UGAFODE that I have managed to accomplish this and I see that in a very short time my dream will come true: to graduate from a boda-boda (motorcycle) to a motor vehicle.

I thank UGAFODE for its good services."

Aggrey is requesting a loan in order to buy inventory items for his retail shop.

About Uganda

  • $1,800
    Average annual income
  • 231
    View loans »
    Uganda Loans Fundraising
  • $31,021,275
    Funds lent in using Kiva
  • 2,680.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Aggrey to buy inventory items for his retail shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 10, 2013
Listed
Jan 24, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014