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Deogratius
Deogratius is aged 37 and married. He has seven children. Six of his children attend school, and he is in charge of paying the school fees. Deogratius operates a 'waragi' trade business as his major source of income. ('Waragi' is a local, distilled beverage, similar to gin.) He has been doing this work since 2002. Deogratius also practices agriculture, as an additional sources of income for the family.

He has approached UGAFODE for a loan of 1,500,000 Uganda shillings. He will use part of the loan to buy 'waragi,' and another part to pay workers to plough land, for maize growing in the coming season. His dream is to grow his business, to realize greater returns and also to improve the living conditions of the family.

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
  • 403
    View loans »
    Uganda Loans Fundraising
  • $30,354,325
    Funds lent in using Kiva
  • 2,580.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Deogratius to buy local gin to resell, and to pay workers to plough land for growing maize.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 2, 2013
Listed
Jul 31, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014