A loan of $6,050 helped a member to buy fishing nets and boats.

Kasenyi United New-Monika Group's story

Ms.Monika is 44 years old, married and has five children with one dependent. She is a member of Kasenyi United group and has been a member of the group for the last five years. She is in the fishing business which she started doing in the year 1994 and she was very optimistic that the business would grow and fetch enough money as profits.

Monika picked interest in the business because it was the most rewarding business in the area since they are near a lake. The business is located in Kasenyi, near the landing site in Kasese District. She gives this business enough time and on average, she gives it eight hours in a day and while off the fishing business, she attends to a bar which is her other source of income. She plans to use the loan money (5,000,000 uganda shillings) for buying fish nets and boats so that she is able to catch more fish and have increased sales and hence high profits.

Her clients are people from Kasese and those in far off areas since she takes the fish to other places for sale. For the time she has been in the fishing Industry, Monika says her main challenge has been transport which is really poor since the roads are bad and this increases the transport fares and in the long run cuts her profits. Her other challenge, is the influence from the government since it some times bars them (fishermen) from fishing in that lake.

However despite the challenges, Monika says she will keep being the hard-working person she has always been so that she one day owns a plot of land. She thanks Ugafode and Kiva lenders for the support they have been giving to the group.

In this group: Elnest, Idi, Monika, Latif, Djibriel

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Loan details