05 Mar

Intensity Technologies Ltd

The client is a 62year old business woman residing in Najjera, Nakawa Division, Kampala District. She is a widow having lost her husband in 2020. The client joined ECLOF in 2018 and has borrowed 6 loans of Ugx.10m,Ugx.10m, Ugx.20m, Ugx.20m, Ugx.20m and Ugx.30m respectively to support her poultry business by having enough supply of poultry feeds.

Client deals in poultry-Broilers and currently has a contract with Biyinzika Poultry International Ltd as an out grower to supply broilers on a monthly basis. She buys chicks and feeds from them but requires capital from time to time to make these purchases. Client currently has over 50,000 birds which are accommodated is nicely constructed poultry houses and has capacity to accommodate more as long as capital is available.

Reasons for choosing ECLOF

  1. Flexible loan terms i.e. payment schedule structured according to cashflows.
  2. Quick Top up loans as and when need arises.
  3. Low turnaround time for her loan applications.
  4. Friendly interest rates of 3% per month since client used to get money from money lenders at 20% per month
  5. Benefits that the client has acquired

    • Increased incomes. Currently the client has over 50,000 birds which give her monthly income.
    • Need for poultry feeds is satisfied since ECLOF provides quick loans to fill the gap when need arises

    Challenges that the client faces

    Delayed payments by Biyinzika which at times affects her loan payments

    Non - financial services that Eclof has provided include the following

    Technical assistance on teaching her farm workers how to keep records

Some Images Of The Business