A loan of $1,550 helped to improve the semi-permanent house he built with part of his prior loan.


Richard's story

Richard, 38, is a permanent resident of a village in Isingiro District. He is married and has eight children and two other dependents he cares for on behalf of his brother, who is elderly. Four of his children and the dependents are in school. Since childhood, he has been a farmer, raising and selling matooke (cooking bananas). In 2008 when he learned about the existence of Ugafode Microfinance, and he approached them for his prior loan of UGX 3,000,000 to improve his farm. This has made him prosper in life, and he even managed to build a semi-permanent house to live in. He is applying for a loan UGX 4,000,000, to renovate his house and make it more habitable.



Loan details


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Loan details