Check out some available loans that are similar to this one!
Phenehas
Phenehas is a repeat borrower at the branch. He is married and has five children who are all in school. His major source of income is cattle trading, which he started in 2009. He gives the cattle trade business an average of four hours per day and he also gets income from brick-making, which is his other source of income that he does when he is off from the cattle trade business. The business is located in a rural area of Rwenkurejo-Bugongi sub-county--Sheema District--and his main clients are the local traders in that area. He hopes to give his children a decent education using the profits he gets from the business. Phenehas describes himself as a hardworking man but says the competition he faces sets him back. He will use the loan to buy cattle to sell.
He thanks kiva lenders through Ugafode for the partnership and support.

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
  • 267
    View loans »
    Uganda Loans Fundraising
  • $29,188,300
    Funds lent in using Kiva
  • 2,580.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Phenehas to buy cattle.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 4, 2013
Listed
Sep 16, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 20, 2014