Funded

Total loan: $575
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Eric


A loan of $575 helped to buy additional cattle.


Eric's story

Erick was born in 1964 to a peasant family. He is married with five (5) children who are attending schools. He started the business of cattle trading in 1998 with limited capital. He struggled to run the business, which was his major source of income for all his financial needs for several years. In 2010, he found out that it was difficult for him to maintain his business and meet his family’s needs and educating his children. He joined UGAFODE Microfinance Limited (MDI) – Rukungiri Branch to get financial assistance to boost his business and got help with his cattle trading. Erick has been able to educate his children without affecting his business with the loans from UGAFODE Microfinance Limited (MDI). He uses these loans to buy cows and sell them to butchers and butcheries at relatively profitable amounts. This has enabled him to meet his family obligations and maintain his business empire. Erick also praises UGAFODE Microfinance Limited (MDI) for financial support which it extends to low income earners.



Loan details

Loan length:

14 months
Disbursed date: February 13, 2013
Facilitated by Field Partner: UGAFODE Microfinance Limited

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: February 13, 2013
Facilitated by Field Partner: UGAFODE Microfinance Limited