100%

funded

Total loan: $850

Adam

Jinja, Eastern Region, Uganda / Retail

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A loan helped fully stock his shop with spare parts to increase sales.


Adam's story

Adam is a 38-year-old married man with three children who all attend school. He owns a shop selling motor vehicle spare parts by a busy road, and his business has sustained his family for years. He started as a taxi driver but it wasn't providing him with enough money to cater to his family's needs. Through consultations with various friends, he decided to quit driving and ventured into the spare-parts business. He says that this business was worth trying because it has availed him of the funds to provide for his family as well as to pay school fees for his three children.

However, with the ever-inflating costs of living, he is planning to expand his shop so that he can increase his sales. He has therefore applied for a loan of UGX 3,000,000 to increase his working capital so that he can purchase a variety of spare parts and thus increase sales. He is thankful for the financial support from lenders that will boost his business.