100%

funded

Total loan: $2,650

Francios

Flag of Uganda
Nakivale, Western Region, Uganda / Retail

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


A loan helped to buy merchandise to sell to earn revenue.


Francios's story

Francios is a refugee from the Democratic Republic of Congo who resides in one of Uganda's refugee settlement centers. He managed to derive a livelihood from his personal savings where he set up a retail shop which sells a variety of merchandise for personal and home use. These include different types of Vaselines, toiletries and foods stuffs.

He has managed to earn from his shop because it is one of a kind in the area, it has a variety of products which are affordable to the locals in the area. This has made him top in this business. He is married with six children, of which three are school going, whom he looks after.

He is able to meet his family's needs from the sales he gets from the shop. His business was moving on well until the current pandemic hit. His sales reduced and life become complicated to manage. Francios believes a loan facility will help him thrive back to business and this is why he approached Ugafode Microfinance seeking a loan facility to restock his shop to meet his customers demands, and to also increase his sales.

This will shoot his profit margin back to normal, hence, enabling continuous sustainability.

He gladly awaits a positive response. Thank-you funders.