Total loan: $700


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Bombo, Central Region, Uganda / Food

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

A loan helped to register his boat and own a licence for the smooth running of his business.

Muhammed's story

Muhammed is married with 4 children, 3 of whom attend school. He is a fisherman. However, he uses a rented boat which has become costly in the long run. He saved up some money that he used to make his own boat, but it can not operate without a license.

On the advice of a friend, Muhammed has applied for a loan of 2,500,000 UGX from UGAFODE to register his boat and get a licence so that he can start using it. He is hopeful that with his own boat, his operational costs will go down, as such, increasing his profit margin.

He appreciates the support that will make it possible.