Check out other loans that are currently fundraising!
Eric
Eric is a forty-eight-year-old cattle trader who has done trade in cattle for the last twenty years. He works six days in a week and works twelve hours per day. The business is located in Ryanshana-Kashenyi-Bushenyi, and his clients are mainly cattle traders in the same area. In addition to the cattle trade, Eric also does some agriculture, which boosts his income greatly.

He would like to use the loan money to buy cattle for trade so that he can make improved profits in the festive season of December. His main challenge is lack of enough capital. That is the reason why he has decided to borrow money so that he can improve his business and be able to earn more profits.

Eric describes himself as a hardworking man and an honest man, attributes which have helped him to attain what he has attained. His future hopes include being financially well so that he does not lack again in the future.

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
  • 259
    View loans »
    Uganda Loans Fundraising
  • $30,263,650
    Funds lent in using Kiva
  • 2,503.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Eric to buy cattle.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 6, 2013
Listed
Dec 27, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014