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Grace
Grace is a 38-year-old lady who is single with children. She separated from her husband eight years ago. She is a resident of Mmunyonyo–Butiga, a developed suburb just 3 km from Kampala City. She has been operating a ladies’ salon for the last six years with limited working capital. She faces the challenges of seasonality of the business because her peak season is during wedding seasons and student holidays, and high rent costs. She has also been borrowing money from another bank but was referred to UGAFODE Microfinance Ltd for a loan facility by one of our clients who recommended UGAFODE’s rates as friendly and good customer service. She applied for a loan of UGX 1,500,000 to buy hair dryers for her salon so that she will be able to provide quick service to her customers, especially on days when she is working on brides. She is very grateful for the financial support.

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About Uganda

  • $1,500
    Average annual income
  • 155
    View loans »
    Uganda Loans Fundraising
  • $28,711,800
    Funds lent in using Kiva
  • 2,637.0
    Uganda Shillings (UGX) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $575 helped Grace to buy hair dryers.
89% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 26, 2014
Listed
Jul 7, 2014
Currency Exchange Loss:
Possible