Funded

Total loan: $800
Powered by 25 lenders

Stephen

Uganda
Rubaga Road, Uganda / Personal Housing Expenses

A loan of $800 helped to buy iron sheets, doors and windows.


Stephen's story

Stephen is aged 48 years old. He is married with 6 children, five of whom attend school and he is in charge for payment of their school fees. He is a farmer, mainly growing sugarcane, banana, coffee and pineapples for both commercial and home consumption. Stephen gets additional income from cattle rearing. Stephen has approached Ugafode for a loan of UGX 2,000,000 to complete the construction of his house. He intends to buy iron sheets, doors, windows and paying workers to give his family better accomodation. Stephen says he will be able to pay back the loan in smaller installment using proceeds from the sale of banana and pineapples. Stephen faces the challenge of weather which is unreliable and affects his agricultural projects at times. His dream is to complete his house and to buy a tractor to ease his agricultural projects.



Loan details

Loan length:

10 months
Disbursed date: August 6, 2013
Facilitated by Field Partner: UGAFODE Microfinance Limited

Lenders and lending teams



Loan details

Loan length:

10 months
Disbursed date: August 6, 2013
Facilitated by Field Partner: UGAFODE Microfinance Limited