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Rashid
Rashid is 52 years old, a resident of Nkokonjeru zone, married with twelve children. Eight of the children whom he looks after go to school. He provides for their tuition fees and in addition takes care of his aged mother.

Rashid operates a bakery which he started in 2002. He supplies his bread and cakes to restaurants, shops, supermarkets and neighbors in surrounding areas.

Rashid has asked for a loan of Ugx. 2,000,000 for modifying and expanding his bakery, so that he can produce better and more bread. He faces challenges of inadequate capital, which affects his production rate, and he also has many competitors in the market. He is a hardworking man whose dream is to see all his children have a better education since he never had formal education and has seen the consequences of not going to school.

Additional Information

More information about this loan

This loan is part of UGAFODE”s Micro Mortgage Loan program.  Many of these clients are currently renting and these loans allow them to own their home and provide for their families. This may be their first home, or renovation to homes not fit for habitation.  By building and renovating, borrowers who utilize these loans have improved health and safety through a stronger structure and better protection from the elements.  UGAFODE offers these loans to cover essential costs like labour and material so borrowers can provide adequate shelter and sanitation facilities for their families.

About Uganda

  • $1,500
    Average annual income
  • 297
    View loans »
    Uganda Loans Fundraising
  • $29,599,275
    Funds lent in using Kiva
  • 2,650.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Rashid to add more space to his bakery.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 20, 2013
Listed
Feb 28, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 20, 2013