Total loan: $1,100
Bundibugyo, Western Region, Uganda / Agriculture
Flag of Uganda
Fred's loan finished fundraising,
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A loan helped to buy more cocoa for sale.
Fred is a married, 44-year-old father of 14 children and lives in Bundibugyo, Uganda. He deals in buying and selling dry cocoa and gets additional income from his vast cocoa gardens which he has done for more than twenty one years. Fred works hard and has plans of educating all his children, buying land and expanding his cocoa growing. His main challenges are price changes, expensive labor, theft and inadequate capital for establishing a bigger store that he desires. He wants a loan to buy more cocoa for sale. He used the previous loan for doing similar business. He earned good income and was able to pay back the loan on time.