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Cleophas
Cleophas is a new client at the institution who applied for a loan of UGX 3,000,000. He is 36 years old, married with three children, and hails from Bigaaga – Rwerere, Nyakagyeme; Rukungiri District.

He has a stock of local brew at a local trading center which is a distribution point to neighboring areas and towns. His major challenges has been lack of capital and supply fluctuations, leading to failure to meet customers’ demands. He hopes that with this loan facility, he will be able to meet his customers’ demands and raise enough income to sustain himself and his family.

He appreciates the role UGAFODE Microfinance Limited (MDI) is playing in boosting incomes of the local people.

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

  • $1,800
    Average annual income
  • 309
    View loans »
    Uganda Loans Fundraising
  • $30,615,075
    Funds lent in using Kiva
  • 2,460.0
    Uganda Shillings (UGX) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,225 helped Cleophas to buy liquor to resell.
99% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 11, 2014
Listed
Feb 15, 2014
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014