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Michael
Michael is a 38-year-old married man with six children living in Kagadi, Uganda. He has a bicycle spare parts business, which he has operated for over seven years. He also has a sugarcane plantation, and he uses the sugar cane to brew alcohol. The business is rural-based, and he started it to get daily income to enable a smooth running of his family and serve the people of the area, since he is a mechanic.

He would like to construct a good permanent house for residence despite the poor road network that hinders his business operations. Micheal intends to use the loan to buy bicycle spare parts to sell.

Additional Information

More information about this loan

This loan is part of HOFOKAM's program targeting poor and geographically excluded populations in Western Uganda. In addition to loans, it provides social and business training programs to low-income entrepreneurs and their communities. Since 2003, HOFOKAM has provided sustainable financial and non-financial services to promote social, economic and sustainable land development and improve the quality of life for vulnerable populations. The organization has a clear vested interest in underserved communities with its headquarters in rural Fort Portal and a number of branches in extremely remote areas.
 

About Uganda

  • $1,500
    Average annual income
  • 100
    View loans »
    Uganda Loans Fundraising
  • $28,253,000
    Funds lent in using Kiva
  • 2,635.1
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Michael to buy bicycle spare parts to sell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 20, 2013
Listed
Mar 25, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 9, 2014