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Fred is a retired civil servant, aged 65 years, and is applying for 1,500,000 Ugandan shillings. He is a borrower of UGAFODE Microfinance Ltd (MDI).

After retiring from public service, he got himself into keeping cattle for commercial purposes. He sells milk from his two cows on a daily basis as his source of income. On top of daily income from selling milk, he also earns from a few rental houses that he built when still in public service.

He applied for the loan to purchase more two cows as a way of increasing his daily milk sales and income. Given the loan, he has hopes of having over 10 cows in the near future. He is hardworking and resilient.

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

  • $1,800
    Average annual income
  • 147
    View loans »
    Uganda Loans Fundraising
  • $32,003,575
    Funds lent in using Kiva
  • 2,572.9
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Fred to buy two heifers.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Jul 20, 2013
Aug 2, 2013
Currency Exchange Loss:
Jul 17, 2014