Muhammad is applying for a loan of UGX 2,000,000. He will use it to buy feed for the birds, and to buy more birds for the December season. He will use the profits generated by the loan: to pay back the loan installments, and to build more rooms that will accommodate more birds. He also expects to pay school fees and complete his house, from the income generated by the loan. He is a hardworking man, and he thanks Kiva for the partnership.
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.
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Success!! The loan was 100% repaid