Kihayura Twekambe Group
Yoweri is a married man, age 45, who has four children. All of them are school going. He is a produce dealer (maize and beans). He does both the growing and selling. He started this in 2007, in order to increase the family income so that he can educate the children.
Yoweri wants a loan of 500,000 UGX to add produce to the business, since the season is on and demand is high. His major customers are residents of his area and its outskirts, where he operates the business. He hopes that, if given this loan, he will be able to expand the business and use the profits to improve the living standard of the family. He wants to build a permanent, residential house and educate the children.
His major challenge is limited capital, plus transporting the produce from the village to the market. He would like the financial services to be provided to his group, whenever there is need for them.
In the photo is the whole group, even though some members are not taking part of this current loan. They signed and consented to have their photos published as a sign of solidarity, since the loan will help members of their group.
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.
This is a Group Loan
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Success!! The loan was 100% repaid