A loan of $850 helped to buy spare parts for repairing motorcycles.

Ronald's story

M. Ronald is a married man with two children; he cares for one orphaned child. All of the children attend the same primary school. He has been a motorcycle mechanic in Lugazi for 7 years.

M. has had several loans from Pearl Microfinance. He used the loans to buy the spare parts he needed to repair motorcycles. As a result, he now owns two motorbikes and has a boda-boda (motorbike taxi) business. He is now able to pay his children's school fees properly and on time. He is happy that through borrowing, he has learned to save. He has also picked up the spirit of working hard from fellow borrowers; after all, how can one pay back loans without putting in a lot of effort?

Loan details

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Loan details