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Richard is a 30-year-old man, married with two children. His primary source of income is cattle trade; he buys bulls, fattens them for a period of 3 months and sells them at a profit. Richard began business as a means of survival. He had to do something that would fetch him income to take care of his family when he got married.

Richard inherited land from his father but it has become too small to contain his large herd of cattle. The client wishes to acquire more land, the reason why he applied for a loan. Richard visualizes tough times in the future, that's why he has to plan early. Land is more becoming expensive by the day; the earlier he expands, the better.

Richard plans to construct a permanent house for his family. At the moment he resides in a grass-thatched house. The cold from the house affects his children most. He hopes that the proceeds from the laon will help him expand and get his dream home.

Richard faces challenges of financial difficulty but with UGAFODE MFI, he believes this will be a problem of the past. Since he describes himself as a hardworking man, he will be able to pay back the loan.

About Uganda

  • $1,800
    Average annual income
  • 119
    View loans »
    Uganda Loans Fundraising
  • $33,852,025
    Funds lent in using Kiva
  • 2,465.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Richard to buy land.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Jul 11, 2012
Aug 3, 2012
Currency Exchange Loss:
Aug 17, 2013