Total loan: $3,100
Bukono Tukore, Kihihi Group
Kihihi, Western Region, Uganda / Retail
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A loan helped Buy more stock for resale.
Bukono Tukore, Kihihi Group's story
Francis N., aged 34 years, is a married father with a family of five children. He has been operating a retail shop from the Bukono trading center, selling general merchandise for over three years. This is the business he started after dropping his previous coffee-selling business. In here, he trades in a variety of products commonly for domestic use like sugar, soap, salt, cooking oil, paraffin and much more merchandise, earning him a profit of 320,000 Ugandan shillings. His main drawback is that he has limited stock of products in his shop and cannot satisfy the customers' demand. Therefore, Francis is looking forward to increasing stock in his business when he gets this loan and also expanding into a wholesale shop. This will help him earn more revenue and sustain his daily life needs as he envisions improving his family’s standards of living, further educating his children and also buying land for farming in the future. He belongs to a group of members who hold one another accountable in paying back the loan.