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Nelson
Nelson is an old customer aged 35 years old, Married with 2 children, and he deals with banana plantation. He applied for a loan of UGX.2000,000 to improve on his farming business. He has a challenge of low business turnover from his subsistence farming and low market purchase, so he decided to come to UGAFODE for a loan to increase on man power and expansion on both his farm land and agricultural. He hopes this will increase his business turn over. In the photograph is Nelson (center) his wife (left) and the Ugafode credit officer.

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.

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About Uganda

  • $1,500
    Average annual income
  • 280
    View loans »
    Uganda Loans Fundraising
  • $29,554,750
    Funds lent in using Kiva
  • 2,524.9
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Nelson to buy mulches.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 5, 2013
Listed
Dec 13, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 20, 2014