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Banabas
Banabas is a tea farmer aged twenty eight years old. He works three days in a week and gives the farming business an average of eight hours of work per day. His tea garden is located in a rural area in Kyamuhunga where he has been since 2009.

He started the business with the objective of getting income to cater for his family. His major customer is the tea factory which buys all his tea. In addition to tea farming Barnabas also owns a butchery that gives him additional income which he uses to cater for the needs of his family.

He would like to use the loan money of two million (2,000,000) Ugandan shillings to buy fertilizer, so that he can boost the fertility of the soil and hence harvest more tea.

He hopes to expand his business in future and he believes that then his profits will be much more than what he gets presently. Unfavourable weather is his major challenge since this affects his gardens, especially in the rainy season. But despite the challenges he faces now, he is hopeful that he will beat the odds and make money from growing and selling tea.

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
  • 248
    View loans »
    Uganda Loans Fundraising
  • $28,973,325
    Funds lent in using Kiva
  • 2,485.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Banabas to buy fertilizer.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 15, 2014
Listed
Jan 21, 2014
Currency Exchange Loss:
Possible
Ended:
Sep 20, 2014