Funded

Total loan: $300
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Gorreth

Uganda
Kyotera, Uganda / Primary/secondary school costs

A loan of $300 helped to pay tuition for her children and buy stock for her shop.


Gorreth's story

Gorreth used her previous loan of UGX 500,000 to buy more stock of retail items, which she sold and increased her profits from the usual 150,000 to 220,000 fortnightly. This also increased her turnover and the number of clients.

She works 7 days a week and 16 hours per day to maximize profits. She is acquiring another loan to pay tuition for her children. She will use a small portion of the loan to buy more stock for the retail shop. She hopes to expand into a large business that can supply all the people around her area. Her clients are traders from her village and the surrounding places

The challenge she faces is too many people not paying on time. She describes herself as an honest and hardworking woman. She appreciates the services that the financial institution is giving to small-income earners.


Loan details

Loan length:

10 months
Disbursed date: April 4, 2014
Facilitated by Field Partner: UGAFODE Microfinance Limited

Lenders and lending teams




Loan details

Loan length:

10 months
Disbursed date: April 4, 2014
Facilitated by Field Partner: UGAFODE Microfinance Limited