Total loan: $1,100

Ann Mary

Flag of Uganda
Ishaka, Western Region, Uganda / Retail

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

A loan helped to purchase more inventory for her store.

Ann Mary's story

Ann Mary is married and has four children. Her home is located in Rwakaringura, Bushenyi District. She is a businesswoman who manages a mini-grocery store as her main source of income. She also cultivates bananas to earn additional income.

Ann Mary started with limited stock, but she managed to increase her inventory to the tune of 10,000,000 UGX. She is requesting a loan to buy additional inventory so that she can increase her income. Ann Mary sells to the local residents around the town of Kizinda and other nearby areas. The profits from her sales have helped her raise more capital for her business.

Her challenge is that she does not have enough inventory to serve her growing clientele. Therefore, she needs more capital to increase her inventory, which will lead to more profitability. Her future goal is to have inventory valued at 20,000,000 UGX by mid-May 2021. She appreciates the funding from UGAFODE and looks forward to a more positive partnership.