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Sulaiman
Sulaiman is one of UGAFODE Microfinance Limited – Rukungiri's customers who joined about seven years ago. He has various businesses, although his main source of income is cattle slaughtering. He is a butcher and he operates in different markets in Bwambara, especially during market days. He joined UGAFODE Microfinance Limited for financial assistance to increase his business sales and income of the household. With his loan, he will buy cows and goats for slaughter.

He has been able to improve his businesses and has managed to meet the responsibilities of the home. In this regard, all activities he does are of high quality and come with experience, in terms of slaughtering animals and marketing his cows and goats to the different consumers.

Sulaiman has managed to increase the capacity of his butchery business as well as the rice plantations at his home in rural Rukungiri. He has also put all eight of his children in school since he now has the capacity of paying school fees for them, plus taking care of the other family needs for the children and his wife.

He thanks UGAFODE Microfinance Limited for all the services, but says that the institution should reduce on the interest rate to enable him to increase his profits.

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
  • 297
    View loans »
    Uganda Loans Fundraising
  • $29,599,275
    Funds lent in using Kiva
  • 2,677.4
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Sulaiman he will buy cows and goats for slaughter.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 14, 2013
Listed
Jan 28, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014