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Polycarp
Polycarp is a 54-year-old married man with 10 children, three of whom are currently going to school, plus one additional dependent. He is a farmer, mainly involved in tea growing and coffee in the outskirts of Kagadi town. He has been doing this business of agriculture since 1998, being his major source of income to look after the family.

Polycarp wants a loan of 2,500,000/= (two million and five hundred thousand shillings) to buy fertilizers for his tea plantation and pesticides for spraying his tea. Since it is a rainy season, he anticipates to have a bigger harvest after applying the fertilizers to the plantation.

Polycarp's dream is to expand his tea plantation and also buy a motor vehicle to enable him transport the tea leaves to the factories he supplies. His biggest challenge is the ever changing weather which comes with very heavy rain and then dry spells that mean he has to look for water during the dry season, and this affects his yield.

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
  • 294
    View loans »
    Uganda Loans Fundraising
  • $29,599,275
    Funds lent in using Kiva
  • 2,582.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Polycarp to buy fertilizer for his tea and coffee gardens.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 15, 2013
Listed
May 21, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014