Boaz is a herdsman who is married with 5 children, all of whom are in school. He will use the loan to buy young bulls that he will feed and sell at a higher price after three months. He plans to buy more land so that he can increase the number of cows he sells. With the increase in sales will also come increased profits, so he will be able to easily meet the children's school fees and the other household demands. His main challenge is cattle diseases and quarantines. With more loans from Ugafode, he will build a permanent house for his family.
More information about this loan
This loan is part of UGAFODE's program for clients who live in isolated rural areas with limited access to financial services. Uniquely, UGAFODE focuses its efforts on agricultural areas in Uganda that are over 50 km from their branches, providing loans to both groups and individual borrowers. The organization believes that the risk of offering services to remote clients is outweighed by the benefits to customers and their often underserved communities.