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Edward
Edward is an aging man of about 58 years, living in a rural setting. He has a family of five children that he takes care of. He does farming, and is also a seasonal produce trader, which earns him some additional income. He says he started the agricultural business to supplement his income from teaching.

Edward says that his major challenges are price fluctuations and long dry spells that reduce the farm's output. He hopes to use this loan to buy agricultural produce to sell at his store, especially sacks of beans and maize. This new inventory will help him improve his income sources and standard of living.

He says he has managed to construct a backyard at his home, making his quality of life improve. Edward hopes to retire from his government job, and have trading in produce be his source of income thereafter.

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.

Tags

About Uganda

  • $1,500
    Average annual income
  • 247
    View loans »
    Uganda Loans Fundraising
  • $28,973,325
    Funds lent in using Kiva
  • 2,570.6
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Edward to buy agricultural produce to sell at his store, especially sacks of beans and maize.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 10, 2013
Listed
Aug 20, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 20, 2014