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Eric
Eric started rearing cattle and selling them when his first children joined secondary school. He therefore needed more money to cover their increased tuition.

He thanks Ugafode for giving him quarterly repayments because by then he will have made enough money to repay his loan without challenges. He is grateful that the Kiva lenders are interested in partnering with him.

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

  • $1,500
    Average annual income
  • 220
    View loans »
    Uganda Loans Fundraising
  • $29,115,450
    Funds lent in using Kiva
  • 2,530.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Eric to buy more cattle.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 16, 2013
Listed
Nov 4, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014