Charles has been a client at Ugafode MFI Ltd for 3 loan cycles now. He deals in the goat trade as a source of income and has been engaged in that business for the last 6 years. He normally sells the goats in the daily and weekly markets around Ibanda.
Charles obtained his first loan and bought 10 goats. He paid back the loan well, processed another loan and purchased 30 goats. He paid back the second loan and now has capital of over 50 goats.
Through the income and profit generated from the loans, he has been able to construct a permanent house and take his children to good schools.