100%

funded

Total loan: $1,100

John

Flag of Uganda
Kagadi, Western Region, Uganda / Retail

John's loan finished fundraising,
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A loan helped to add working capital in business.


John's story

John is a Ugandan man, who is 27 years old. He is from Kikumbya LC 1, Bukonda parish, Buyanja County, Kibaale district. He is married and has 1 child. He is a hardworking and committed businessman, owning a retail shop that deals in assorted household items, ranging from food items, beverages, and other daily use items. This business has fostered the general well-being of the client’s family and enabled him to lead a reasonably good life, while also constructing both commercial and residential houses.

John is a first time borrower with UGAFODE and has taken a credit facility of 5,000,000 UGX to use as working capital for restocking the business. He is always faced with the challenge of competition from those venturing into the same business and also seasonality, which affect his cash inflows.