100%

funded

Total loan: $300

Felex

Flag of Uganda
Ishaka, Western Region, Uganda / Clothing

Felex's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!


A loan helped to increase his stock of clothing to sell.


Felex's story

Felex is a new client of UGAFODE Microfinance LTD (MDI). He is 35 years of age and married with four children who are school-going. His main source of income is agriculture, mainly banana- and coffee-growing done in the rural areas of Mitooma District. He also sells second hand clothes to get a supplementary income. The clothing business is not doing well due to the limited stock that limits his sales.

In a bid to improve sales, he has applied for a loan of UGX 1,000,000 from UGAFODE to buy more stock of clothes. He is confident that the increase in stock will trigger an increase in the sales, thereby bettering his income. Felex appreciates the funders for the financial support that will boost his business.