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Moses
Moses is a single man, aged 27. He is a farmer, engaged primarily in the growing of passion fruit, sugarcane, and cabbages, among other crops, for commercial purposes. He started the business of agriculture in 2008, making it his source of income after getting out of school and failing to find formal employment. This is what he had studied, after his ordinary level of education. Once before, Moses borrowed a loan of UGX 800,000 (eight hundred thousand shillings), which he used in his agricultural business, and he says it worked for him.

Now, Moses has approached UGAFODE for another loan, this time in the amount of 1,500,000 (one million, five hundred thousand shillings). He will use this loan to expand on his passion fruit orchard, paying workers and buying mulches for the orchard. He is faced with challenges, such as the changing weather, which affects agricultural production, as well as price fluctuations in the markets.

Moses hopes to acquire a motorcycle to help him transport his passion fruit to the market, and to acquire a machine for squeezing sugarcane to brew, so that he can earn more profits, in the near future.

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
  • 289
    View loans »
    Uganda Loans Fundraising
  • $30,725,575
    Funds lent in using Kiva
  • 2,576.5
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Moses to expand on his passion fruit orchard, paying workers and buying mulches.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 14, 2013
Listed
Aug 31, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014