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Isma
Ismail is a new client of UGAFODE and he applied for one million five hundred thousand shillings for buying fishing nets to use in his fishing business. He started the fishing business in the year 2000 and he says it has helped him get money to support his family. The business is located near the lake shore and his main clients are residents of Kasese District where he supplies the fish.

He hopes to get enough money from the business to pay school dues for his children and they will hence get quality education. His main challenge is the unpredictable fish season, since this causes price fluctuations and hence affects his income. He describes himself as a shrewd and honest businessman, which attributes have helped him carry on the business for this long.

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

  • $1,800
    Average annual income
  • 308
    View loans »
    Uganda Loans Fundraising
  • $30,718,125
    Funds lent in using Kiva
  • 2,530.0
    Uganda Shillings (UGX) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $600 helped Isma to buy fishing nets.
97% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 17, 2013
Listed
Nov 3, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2015