Around June 2009 I applied for a loan in one financial institution in Uganda, when working capital requirements to keep afloat were sky rocketing. And I was tossed around for almost a month, until a friendly staff introduced me to Gatsby Microfinance Ltd (GMFL), who then offered two loan products: GMFL Quick business Loan, and MYC4 Loan. I liked Gatsby’s customer care, and ….. I then chose MYC4 because of the competitive interest.
The UNAOC aims to improve understanding and cooperative relations among nations and peoples across cultures and religions. MYC4, Rose, and over 2,500 other attendees came together to tackle the issues of the missing link between culture and development, the notion of cultural diversity and the need for culture as a key element in development policies.
Rose is an entrepreneur by experience, diversifying after market demands. She began her entrepreneurial path by assisting her mother in poultry farming. After starting up her own small business, she incrementally grew operations, enabling her to expand the farm.
After my ordinary level education (1983), while still at my ancestral home before getting married, I helped my mother in her business of supplying poultry feed ingredients as well as poultry keeping. By the time she passed on (year 2000) I had learned a lot and picked interest. From a small scale business, I grew in operations from time to time. I expanded the poultry from home to another bigger place.
Rose is now servicing her second MYC4 loan, acquired to expand her new income-generating project rental housing. She has been able to diversify her business and keep up with the changes in demand. She employs 14 people on a permanent basis and more temporal workers in the tenant business.
I feel I have created a bond with GMFL and the MYC4 family, I have made business partners with them. The investors have been able to fund my projects so far with the two loans, and even the existing cordial relationship I have with MYC4 fraternity. As a woman, I feel more empowered as more assets/wealth have been created for my immediate family and posterity.
You can visit Rose’s profile on the MYC4 platform here and maybe help her grow her business by making a bid on her next loan?