Funded

Total loan: $1,075
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Development Consideration Group

Uganda
Bombo Road, Uganda / General Store

A loan of $1,075 helped a member to buy a fridge to have cold beverages and preserve food items.


Development Consideration Group's story

Justus is a married 31-year-old and a resident of one of the rural outskirts. He has two children one of whom attends school. He started up a small business dealing in agricultural produce about 4 years ago. After which he started up a retail shop in order to increase his income. He has decided to take up a group loan of 500,000 UGX for the purpose of buying a fridge so that he can serve his customers cold drinks and also preserved foods. This will help him to become more competitive and therefore increase his income. He is going to buy stock for the Easter season. His main clients are the neighboring community members. He plans to buy a plot of land and a house for his family in order to reduce the expenses of rent which in turn can help him increase his savings. The largest challenge is competition from his neighboring retailers.

In this group: Julius, Hamson, Justus, Scovia, Aussi, Steven
*not pictured


Loan details

Loan length:

6 months
Disbursed date: March 21, 2013
Facilitated by Field Partner: UGAFODE Microfinance Limited

Lenders and lending teams



Loan details

Loan length:

6 months
Disbursed date: March 21, 2013
Facilitated by Field Partner: UGAFODE Microfinance Limited