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Monica
Monica is a 30-year-old woman who lives in a rural area in the Kazo Kiruhura district. She is divorced with 2 children and 4 dependents, with whom she is living due to the death of their parents. She deals in cattle fattening and milking as her major source of income. She owns 60 cows, of which the majority are for milk. With this income, Monica has managed to look after her family by providing medication and by paying school fees for her two children and three sisters.

Monica is applying for a loan of UGX 3,000,000 to buy more dairy cows to increase her milk production. She will also buy drugs for her sick cows.

Her major challenge is the dry season, which leads to inadequate grass to feed her animals, lack of water, and the resulting decrease in milk production.

Her dream is to own a milk cooling plant in her region and also to see her children graduating from the University.

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.

About Uganda

  • $1,500
    Average annual income
  • 157
    View loans »
    Uganda Loans Fundraising
  • $28,711,800
    Funds lent in using Kiva
  • 2,563.0
    Uganda Shillings (UGX) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,175 helped Monica to buy cows.
82% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 10, 2014
Listed
Mar 27, 2014
Currency Exchange Loss:
Possible