100%

funded

Total loan: $1,375

Fred

Mbale, Eastern Region, Uganda / Retail

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A loan helped buy hardware materials for his shop to increase sales and revenue.


Fred's story

Fred is a married father of four children and he owns a hardware shop within Mbale town. Fred is a hardworking man and the sole bread winner in the family, as his wife is a housewife. Fred often works long hours to be able to make extra sales, but sometimes the money he makes is insufficient to cover all of his family needs. He requested for a loan so that he can be able to restock his shop and he believes that, with this, he will be able to earn more income. Additionally, he will use part of the money to pay school fees for his children who are reporting to school. In the future, he hopes that he will be able to expand his shop to occupy bigger premises, and he is grateful to the KIVA funders for the assistance that has been extended to him.