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Charles
Charles is a cattle trader. He wants to buy cows that he will graze for a few months and then later sell. The income from the sale will help him to meet the basic needs of his family. He will also be in position to build a descent house for his wife and children to improve their standard of living. His customers are butchers. His challenge is the limited market and dry spells. He is hardworking and he thanks UGAFODE Microfinance for supporting his business.

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
  • 233
    View loans »
    Uganda Loans Fundraising
  • $29,183,825
    Funds lent in using Kiva
  • 2,580.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Charles to buy cows.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 11, 2013
Listed
Apr 13, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014