Fulling equipped fishing boat and refrigirated storage
Loan: £2,500 (KSH 350,000)
Entrepreneur: Philip Otieno Opho
Location: Kendu Bay, Lake Victoria, Kenya
TradeRelief has branched out geographically (30km from Oyugis) to assist Jerusalem Commercial Fishing aquire a second fully equipped fishing boat and a deep freeze (to store caught fish during periods of price fluctuation) to so that they…
TradeRelief would like to say a huge thank you to those that made an enormous effort to run the Hackney Half Marathon in what turned out to be an extremely hot and testing day for all involved. Special mention goes out to the Maronne family who turned out in full force and pushed the limits!
The funds raised by the runners will go straight to benefitting TradeRelief’s entrepreneurs and their…
Beauty parlour and training salon
Loan: £1,103 (KSH 150,000)
Entrepreneur: Daisy Odhiambo
Location: Oyugis, Kenya
Daisy Odhiambo owns a 3 year old beauty parlour and training salon in Oyugis that employs 5 people. The business has historically suffered…
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. 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.