A loan of $1,400 helps to purchase general merchandise to sell.

Eric's story

Eric is a repeat client of UGAFODE Microfinance Ltd (MDI). It is his second time acquiring a financial facility from the institution. He is 35 years of age; he is married and has three children aged 7, 4, and 1. One is school going.

His main business is retail trade done in the rural area of Kashenshero, Mitooma District. He also works with a rural SACCO where he earns an extra salary as an income for the family. He started his business in 2009.

He works for 9 hours, 6 days a week. When he gets the loan, he will use it to buy more stock of general merchandise to boost the business. This will increase his income.

This loan is special because:

It provides financing to underserved borrowers.

Michelle, Kiva staff

Kiva staff

Loan details

Lenders and lending teams

Repayment schedule

Loan details

Repayment schedule