Pelzi plans to buy pine tree seedlings from the profits that he will make. He plans to plant them on his piece of land so as to prepare for the future. He will harvest them 10 years from now and will be able to get tuition fees for his children who will be of school-going age by then.
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.
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