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Gad
Gad is an old client to the organization who has applied for a loan of 800,000. He is age 49 years, married, and blessed with five children. He lives in Rwakabengo, Rukungiri district. He is a teacher, and has depended on this salary as his main source of income for 24 years; he does agriculture as an additional source of income. It’s from this salary that he has been able to get income and meet his family's needs.

However, he realized that alone was not enough to meet his entire domestic financial needs, and he joined Ugafode for financial assistance; he took this loan to buy agriculture inputs, i.e fertilizer, to increase his agricultural production. Gad is happy with Ugafode since it has enabled him to be where he is now.

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

  • $1,800
    Average annual income
  • 286
    View loans »
    Uganda Loans Fundraising
  • $30,713,300
    Funds lent in using Kiva
  • 2,624.7
    Uganda Shillings (UGX) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $325 helped Gad to buy fertilizer.
95% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 21, 2014
Listed
Aug 4, 2014
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2015