Richard is a 53-year-old married man with seven children living in Kyenjojo, Uganda. He is in the business of buying and selling agricultural commodities and has used his profits to educate his children and buy land.
He faces problems like price fluctuations and inflation, and at times lacks adequate funds to purchase enough of a particular commodity when demand is very high.
Richard's personal goal is to buy a vehicle to make transportation easier for himself, while his business goals are to expand his business into new market area and to diversify his business to include groundnuts and sorghum. Richard plans to use the proceeds of this loan to buy coffee that he will resell.