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Charles
Charles is a new client of the institution who has applied for a loan of UGX 2,000,000. He is a 58-year-old man who is married and blessed with five children. He hails from Kicence village, Rwentondo parish, Eastern division, of the Rukungiri municipality.

He is a hardworking man who has been dealing in cattle fattening and trading for so many years. However, in his business, he has been faced with many challenges. These include competition from other traders, prolonged droughts, and price fluctuations.

He dreams of expanding his business and has approached this institution for financial support. With this loan from UGAFODE, he hopes to expand his business and earn more profits. He thanks Kiva lenders for their partnership and is looking forward to maintaining the partnership through loan repayment.

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
  • 326
    View loans »
    Uganda Loans Fundraising
  • $29,746,975
    Funds lent in using Kiva
  • 2,460.0
    Uganda Shillings (UGX) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $825 helped Charles to support cattle fattening.
98% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 14, 2014
Listed
Mar 1, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 20, 2015