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This poll has completed. It ran from April 27, 2015, 5:24 p.m. through May 5, 2015, 7:42 a.m.
Do you know the right steps and requirements of getting a loan from any financial institution, savings or lending group?
BACKGROUND
A loan is a financial transaction in which one party agrees to give another party a specific amount of money which must be paid back in full amount with interest at some point in the future.
In Uganda there are a number or types of loans i.e. agricultural loans, school fees loans, mortgage loans, home improvement loans, etc. Getting a loan whether for personal use or for business helps one to take advantage of a new opportunity.
However, care and caution should be applied when seeking for a loan and one must follow guidelines lenders have set up. Being thoughtful about how you seek a loan will help you find and get the perfect loan for your specific needs.
QUESTION
Do you know the right steps and requirements of getting a loan from any financial institution, saving or lending group?
A. Yes I know every step and requirement
B. I know some requirements and steps like when the loan payback and how much is the interest.
C. I know the steps but I don’t care as longer as I get the money
D. I do not know any steps and requirements at all.
INSTRUCTIONS
Go to messages on your phone and type VOB and the name of your DISTRICT, followed by either A,B, C or D leave a short comment explaining your answer, send your message to 8585. This SMS is totally FREE OF CHARGE
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