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Viana
Viana is a 23-year-old man with a wife. He is a businessman with two retail shops and a pool table in his trading center, something which he boasts
about because this is a great achievement in his life due to the benefits he has so far achieved through his retail shops. Alongside retail shops, Viana also does cattle fattening in the nearby village, which is also under his supervision, and he has diversified his sources of income by selling milk from the cows, as well as trading cows in weekly markets in his home area.

Viana has sought this loan in order to acquire some cows for fattening and also to add more stock to his retail shop. His main problems are the price fluctuation of cows and the high operation costs of running a shop, as well as high electricity bills. He appreciates the work done by UGAFODE, especially making it easy for him get access to financial support in the form of a loan and he wishes interest rates could be reduced.

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

  • $1,800
    Average annual income
  • 239
    View loans »
    Uganda Loans Fundraising
  • $31,040,150
    Funds lent in using Kiva
  • 2,539.9
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Viana to buy cows for fattening and reselling, as well as to add stock to his retail shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 26, 2013
Listed
Oct 1, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 20, 2014