100%

funded

Total loan: $575

Sulaiman

Kampala, Central Region, Uganda / Transportation

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A loan helped to buy a second motorcycle to increase his income.


Sulaiman's story

Sulaiman is married with school-going children. He is a motorcyclist in Kampala, and this business has been his main source of income for 8 years. It is this business that provides him with income to provide for his family. He is currently the sole breadwinner of the family, ever since his wife lost her job 3 years back. This means that he takes care of everything for his family from daily expenses to school fees, but his income has become insufficient to meet all his financial needs. Sulaiman is planning to buy another motorcycle to increase his income in order to meet the ever-increasing living costs. He has therefore applied for a loan of 3,000,000 UGX from UGAFODE to buy the motorcycle, which he plans to hire out for a weekly fee of 60,000 UGX. This supplementary income will enable him to take care of his family with ease. Sulaiman sends his gratitude to his funders for this financial support which will transform life for his family, both economically and socially.