He would like to use the loan money to buy cattle for trade so that he can make improved profits in the festive season of December. His main challenge is lack of enough capital. That is the reason why he has decided to borrow money so that he can improve his business and be able to earn more profits.
Eric describes himself as a hardworking man and an honest man, attributes which have helped him to attain what he has attained. His future hopes include being financially well so that he does not lack again in the future.
More information about this loan
This loan is part of UGAFODE's program for clients who live in isolated rural areas with limited access to financial services. Uniquely, UGAFODE focuses its efforts on agricultural areas in Uganda that are over 50 km from their branches, providing loans to both groups and individual borrowers. The organization believes that the risk of offering services to remote clients is outweighed by the benefits to customers and their often underserved communities.
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