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Irene
Irene is a second time borrower of UGAFODE Microfinance applying for 1,000,000 Ugandan shillings. She is a single mother who lives in the outskirts of the city with her three children. She has managed to look after them using the income she earns from her small business of selling foodstuffs and drinks that she operates in the neighborhood of her home.

She supplements the income from the business with income from poultry that she does on a small scale. She is faced with a problem of limited capital that has always made her make fewer sales, thus leading to failure to meet some of her family's needs.

She applied for the loan to buy poultry feeds so that she can begin selling the chicken and therefore, receive income to support her family.

She has future hopes of educating her children through good schools and making sure they at least attain master's degrees.

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
  • 220
    View loans »
    Uganda Loans Fundraising
  • $29,115,450
    Funds lent in using Kiva
  • 2,600.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Irene to buy poultry feeds.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 17, 2013
Listed
Jun 24, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014