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Augustine
Augustine started raising cows in the early 1990s but with only a few animals. When Ugafode Microfinance Limited started in Rukungiri, he joined so as to get money to buy more cows.This therefore boosted milk production on his farm.

He was able to get a loan and managed to buy a car in 2007, which he used to take milk to the dairy. Augustine also bought a solar system from one of the loans from Ugafode Microfinance Limited. He has also been able to educate his children and look after his family in a decent manner.

He now wants to buy more cows with the loan he is getting to increase milk production and earn more income. Thank you for the great services.

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
  • 296
    View loans »
    Uganda Loans Fundraising
  • $30,299,000
    Funds lent in using Kiva
  • 2,680.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Augustine to buy more cows to increase milk production.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 22, 2013
Listed
Jan 25, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014