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Sero
Sero is a new client of UGAFODE Microfinance – Ishaka Branch. He is a mechanic who has done mechanics for the last 13 years. He works six days per week and four hours per day. His clients are mainly car owners, who take their cars to him so that he can repair them. In addition to the mechanic type of business, he is also a driver, and this makes him more money to support his family. He started mechanics work in 2000 with the hope of being able to sustain his family.

Sero plans to use the loan funds of 3,000,000 Ugandan shillings to buy equipment to use in his business so that he can make more income. He hopes that in future he will also buy another car and a stronger car. Unstable income is his major challenge, but he hopes to overcome this with time – especially if he gets this loan and makes more money from the business.

In the photo is the client (left) and UGAFODE staff, posing by the car he is using as security.

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About Uganda

  • $1,800
    Average annual income
  • 307
    View loans »
    Uganda Loans Fundraising
  • $30,664,350
    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 Sero to buy tools and spare parts for his auto repair business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 3, 2013
Listed
Oct 19, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014