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Gersom
Gersom is a farmer in Kitojo 2 – Sheema District. He mainly grows bananas, which he sells to get money for his family’s upkeep. He started banana growing in 2009 with a motive of getting a source of income which he would use to educate his four children. The business is located in his local cell in Kitojo – Sheema.

In addition to the matoke (green banana) selling business, he also operates a grocery, which brings in additional income. Gersom’s clients are mainly the local people who have greatly supported him. His major challenge is lack of working capital, which has hindered him from growing the business to the required standards.

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
  • 248
    View loans »
    Uganda Loans Fundraising
  • $28,966,450
    Funds lent in using Kiva
  • 2,588.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Gersom to buy bananas for sale.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 14, 2013
Listed
Sep 4, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 20, 2014