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Kirizesitom
Kirizesitom is married and 31 years old, with two children. He lives in a rural setting with his family.

He is a business man who processes bark cloth, which is a kind of cloth used for traditional ceremonies. He supplements his family income with produce trading and agriculture, which he deals in seasonally.

He has been in the business of bark-cloth trading since 2002. He based in it because of experience he had and because less capital was required in starting up. He has acquired a loan facility with the aim of boosting his business by purchasing more stock. He sells his goods to traders in the city.

Kirizesitom describes himself as a hard-working man and very ambitious. He hopes to expand his business and be in a position to be with goods all the time for his customers.

He faces the challenges of lack of enough capital and of unprofessional customers who make orders on the phone but change their mind by the time the goods are delivered.

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

  • $1,500
    Average annual income
  • 162
    View loans »
    Uganda Loans Fundraising
  • $28,315,525
    Funds lent in using Kiva
  • 2,551.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Kirizesitom to buy bark cloth from farmers for processing and marketing.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 16, 2013
Listed
Oct 3, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014