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Ronald
M. Ronald is a married man with two children; he cares for one orphaned child. All of the children attend the same primary school. He has been a motorcycle mechanic in Lugazi for 7 years.


M. has had several loans from Pearl Microfinance. He used the loans to buy the spare parts he needed to repair motorcycles. As a result, he now owns two motorbikes and has a boda-boda (motorbike taxi) business. He is now able to pay his children's school fees properly and on time. He is happy that through borrowing, he has learned to save. He has also picked up the spirit of working hard from fellow borrowers; after all, how can one pay back loans without putting in a lot of effort?

About Uganda

  • $1,500
    Average annual income
  • 298
    View loans »
    Uganda Loans Fundraising
  • $30,263,650
    Funds lent in using Kiva
  • 1,640.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Ronald to buy spare parts for repairing motorcycles.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Oct 28, 2008
Listed
Oct 14, 2008
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2009