Total loan: $425


Ibanda, Western Region, Uganda / Agriculture

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A loan helped to buy goats for rearing, to improve his income.

Fredrick's story

Fredrick is 40 years old, married with children, and living in an Ibanda suburb.

He has been employed for some good time, but he wants to start a side business to supplement his low salary so that he is able to meet all his financial needs. He has many viable business ideas, one of which is goat keeping, but he lacks enough capital to start his own business. Before joining UGAFODE he did not have confidence to run a business. Having received training from the institution, he has applied for a loan of UGX 1,500,000 to embark on his business plan. He is hoping that goat trading will fetch extra income which will be useful to fund the family's expenses, thus improving the family’s standards of living. His dream is to see his children graduate one day.

Fredrick expressed his sincere gratitude and appreciation for this great support that is going to improve his economic status.