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David
David is an old client of Ugafode Microfinance who applied for a loan of UGX 3,000,000. He runs a small shop dealing in ladies’ bags in a nearby trading centre and has been doing this for more than five years.

The purpose of the loan is to restock his business so that he can increase his earning to maintain his family, pay school fees for his siblings and develop himself. David is an honest and very hardworking man, but is always limited by capital.

He intends to shift from a smaller room to a bigger room in Mbarara town, where he says turnover and profit margins are higher than where he is currently operating.

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About Uganda

  • $1,500
    Average annual income
  • 230
    View loans »
    Uganda Loans Fundraising
  • $29,081,275
    Funds lent in using Kiva
  • 2,572.9
    Uganda Shillings (UGX) = $1 USD
Expired
A loan of $1,175 helped David to buy ladies' bags to sell.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 16, 2013
Listed
Sep 26, 2013
Currency Exchange Loss:
Possible
Expired:
Oct 26, 2013