A Short Post With A Cow

Hi all. I realize that I have been gone for a month. University has gotten me down, and I am behind on all that I am working on. I applied for another grant last night. It will hopefully get me to Uganda this summer.

In the mean time I have a quick post borrowed from the Comments section of one of Bankelele's recent posts. I took a screen shot.



I think that this is a fantastically interesting use of micro capital. It's seasonal applicability, and implicit cyclical buisness patterns that are possible, make this seem different to me. It seems different than buying a European dairy cow, or the use of Brama cattle in Luo Kenya.

I wonder what the logistical considerations are for such a loan. What type of cow? How does previous credit play in? I have never heard of a loan being taken out for a single head of cattle - what happens if it is somehow lost (disease, theft, runs away)? Is that considered a default? What counts as collateral? Just wonder how it works.

Here's little background on Equity Bank Kenya, and its micro finance operations in Uganda. Equity Bank Kenya officially opened its subsidiary Equity Bank Uganda in 2008, or 2009. UGpulse.com isn't very clear.