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Musa
Musa is a married man who is 46 years of age and living in a rural area with his family of 16 children. He is a business man who deals in a retail shop. He has an additional income from agriculture. He started this business in 1998.

He works seven days in a week and he started this business in order to raise enough income to support his large family and provide the family necessities. He has acquired this loan in order to purchase agricultural produce that is selling cheaply apparently. This will help to sell at a higher price to the city traders and increase his income. His clients are traders from surrounding places.

The challenges he faces are limited capital and price fluctuation. He describes himself as a trustworthy and hardworking man who encourages lenders to reduce on interests.

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.

Tags

About Uganda

  • $1,800
    Average annual income
  • 313
    View loans »
    Uganda Loans Fundraising
  • $30,637,850
    Funds lent in using Kiva
  • 2,624.9
    Uganda Shillings (UGX) = $1 USD
Expired
A loan of $775 helped Musa to buy corn and beans.
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 16, 2014
Listed
Jul 31, 2014
Currency Exchange Loss:
Possible
Expired:
Aug 30, 2014