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Peter
Peter is aged 35 years and is married with five children who are all school-going. He is a farmer mainly involved in the growing of maize for commercial purposes. Peter also has a poultry farm at his home operated by his wife as an additional source of income, especially when the season for maize is off.

Peter has approached Ugafode to get a loan of 1,500,000 Ugandan shillings to be used for agriculture, especially for preparing the land for the next season, harvesting the current maize he has and also expanding the poultry business.

Peter's dream is to buy more land and start growing maize on a larger scale for more harvest and profits. However, Peter says that the major challenges to this are having limited capital, the seasonality for agriculture, as well as the price fluctuation for agricultural produce on the market. In the photograph, Peter is on the left, and the Ugafode credit officer is also shown in the client's maize garden.

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
  • 274
    View loans »
    Uganda Loans Fundraising
  • $31,080,425
    Funds lent in using Kiva
  • 2,572.9
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Peter to hire labor for plowing the land and harvesting maize.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 18, 2013
Listed
Aug 2, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014