A loan of $5,850 helped a member to buy fishing nets.


Kisenyi United New- Group's story

Grace is an old Client of UGAFODE Microfinance and has so far borrowed thrice from Ishaka Branch. She is 42 years old but still has the zeal to work and achieve her dream of buying herself a car and making life in her evening years more comfortable. She is the mother of three, aged 14, 10 and 8 and they all go to school. Grace is a member of Kasenyi United group which is found near a landing site. The group is comprised of both males and females who have teamed up to help each other develop. Grace, just like most of the group members, does fishing as her major source of income and she gives this business a maximum of six hours per day. She started fishing in the year 1991 with high hopes of making profits and hence catering to her needs and the needs of the children. Grace has additional income from a bar which is in the same area and which she operates when she is off the fishing business, especially in the evening. She hopes to use the money to buy more fish nets and drinks for her bar so that she is able to catch more fish and serve her customers better and hence make more sales which would result in high profits. Grace’s clients are the residents of Kasenyi cell and Kigabo. Her major challenges are the debts which come as a result of people drinking at her bar and not paying and the thieves who are quite many in the area. Her honesty and hard work have helped her to attain the business success which she is proud of. Despite the success registered so far, she feels she has not yet achieved her dream but is hopeful that the UGAFODE loan of UGX 2,500,000 (two million five hundred thousand shillings) will help her a lot.

In this group: Godfrey, Jackson, Rajab, Gideon, Grace, Karim
*not pictured



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