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John
John is a first time borrower from Ugafode microfinance ltd (MDI), applying for a credit facility of five hundred thousand shillings (500,000). He is married with four children with a residential house in Kawempe, a trading centre near Kampala city. John is a poultry farmer and a motor cycle taxi rider. This has enabled him to make an income to look after his family by providing school fees for his four children who attend school and for other necessities.

John says that he has a ready market for his chicken and eggs, but has inadequate capital to buy poultry feeds which are layers and boilers mash. Thus he is applying for a loan to solve this. Furthermore, he says he has plans to pay off his loan and apply for subsequent loans to make his poultry business sustainable.

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
  • 284
    View loans »
    Uganda Loans Fundraising
  • $29,599,275
    Funds lent in using Kiva
  • 2,530.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped John to buy poultry feeds.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2013
Listed
Nov 2, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014