100%

funded

Total loan: $375

Fred

Flag of Uganda
Jinja, Eastern Region, Uganda / Transportation

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


A loan helped to buy a second motorcycle to increase his income and enable him to educate his children.


Fred's story

Fred is 35 years old and married with three school-going children. He is a hardworking, down-to-earth, and honest person.

Fred is a motorcyclist in Jinja town. He works six days per week to maximize his income. With the income he gets from riding, he provides for his family and also pays for his children's education. However, given the ever-increasing cost of living, his income is becoming insufficient to meet his financial needs.

He has therefore applied for a loan of 1,300,000 UGX from UGAFODE to buy a second motorcycle. Fred will hire it out to bring in a weekly fee.

The increase in his income will enable him to provide for his family with ease. He is grateful for lenders' financial support, which will transform his economic situation.