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Fred
Fred is a hard-working 53-year-old married man who lives in Kyenjojo-Uganda. He has five children, all of whom attend school He acquired his start-up capital from rental income. He opened a retail shop where he sells general merchandise to the people in his village and the surrounding areas. Fred is a very honest businessman but is challenged by inadequate capital and price fluctuations due to inflation, which lead to high prices for commodities. In the future, he wants to become a wholesaler and open up new outlets in the nearby urban centers. Fred is applying for the loan to purchase sugar, soap, rice, salt and cooking oil to sell.

Additional Information

Important Information

This loan provides farmers and low-income entrepreneurs from underserved rural areas with access to financial services. By supporting this loan, you allow more farmers and rural entrepreneurs to access capital.

About Uganda

  • $1,800
    Average annual income
  • 123
    View loans »
    Uganda Loans Fundraising
  • $33,818,525
    Funds lent in using Kiva
  • 2,654.5
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Fred to purchase sugar, soap, rice, salt and cooking oil to sell in his shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 22, 2013
Listed
Feb 10, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014