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Magret
Margret is a 38-year-old single mother with one child and two orphans who stay with her at home.

In order to look after her family, Margret grows bananas and Irish and sweet potatoes on a small scale for both commercial and home consumption. She is a hard working woman but is challenged by price fluctuations in the market.

Margret borrowed a loan of 700,000 UGX from the institution to pay last term's school fees for her daughter, who is in a nursing school. Now the daughter is about to take her exams for the second semester and she does not have money to pay for her. She has thus applied for a loan of 700,000 UGX to pay for the school fees.

In the photograph is Margret and the loan officer.

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
  • 316
    View loans »
    Uganda Loans Fundraising
  • $29,677,925
    Funds lent in using Kiva
  • 2,589.4
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Magret to pay school fees for this semester.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 8, 2013
Listed
May 17, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013