TradeRelief is now officially operating in Uganda! It has been a long and arduous journey, but we are proud to say that we have finally opened our second
office, bringing affordable credit to deserving entrepreneurs.
Meet our first borrower:
Andrew Turyamureba from Jinja is a man on a mission. Despite leaving school when he was just nine years old, he’s not willing to live his life in poverty and misery. Operating a bicycle-taxi, he managed to save enough to buy a small kiosk in a local market in 2009, but had to rent it out since he didn’t have the capital to run it himself.
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A year later he had saved up enough to start running it himself as well as upgrading his taxi vehicle to a motorbike which brings in more income. His wife, Annette, works every day in the kiosk being the more literate of the two with full primary education. When TradeRelief started looking for applicants he seemed to be an ideal case: Not only does he support his own children and his niece, he also sends money for the education of six other children in his home village as well as supporting his parents in their old age. Andrew applied for a loan of 4,000,000 Ugandan shillings (about £1000) to buy a fridge, a popcorn machine and some other equipment for his shop. Ever entrepreneurial, he’s already making plans for his next loan, once he’s repaid the first.