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Stephen
The client started his business in 1988 and has been relying on it to support his family's needs ever since.
Later he found out that the business alone could not meet all the family's needs. He decided to join UGAFODE Microfinance Limited (MDI) – Rukungiri branch to receive financial assistance in increasing his business output in order to cater to the family's other needs especially school fees for his children.
In 2012, the client received a loan for school fees instead of using money from his business. This helped him to continue operating his business normally without any interruptions. The loan that he has taken now will be used to buy more items to restock his retail shop as it's now almost time for school to start again.
Stephen thanks UGAFODE Microfinance Limited (MDI) for the support he's been given which has helped both his business and his household.

About Uganda

  • $1,500
    Average annual income
  • 171
    View loans »
    Uganda Loans Fundraising
  • $28,719,850
    Funds lent in using Kiva
  • 2,664.9
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Stephen to buy items to restock his retail shop.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 19, 2013
Listed
Jan 31, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014