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Apollo
Apollo, a resident of Rutunguru, Ntungamo District, is married to Scovia Busingye and they have 2 children. Apollo buys matooke (green bananas) from local farmers and sells them at a nearby town for profit. He has applied for a loan of UGX 500,000 to expand his business and provide for his extended family. He wants to buy a motorcycle with the next loan which will bring him more income to adequately meet the needs of his family. He is hardworking and is grateful to the Kiva lenders for lending to his businesses through Ugafode Micro Finance, Ltd. This picture shows Apollo, his guarantor, and the Ugafode credit officer (right to left).

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
  • 158
    View loans »
    Uganda Loans Fundraising
  • $28,318,675
    Funds lent in using Kiva
  • 2,600.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Apollo to buy more bananas to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2013
Listed
Jun 24, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014