A loan of $600 helped to buy two heifers.

Fred's story

Fred is a retired civil servant, aged 65 years, and is applying for 1,500,000 Ugandan shillings. He is a borrower of UGAFODE Microfinance Ltd (MDI).

After retiring from public service, he got himself into keeping cattle for commercial purposes. He sells milk from his two cows on a daily basis as his source of income. On top of daily income from selling milk, he also earns from a few rental houses that he built when still in public service.

He applied for the loan to purchase more two cows as a way of increasing his daily milk sales and income. Given the loan, he has hopes of having over 10 cows in the near future. He is hardworking and resilient.

Loan details

Lenders and lending teams

Loan details