Jimmy is 30 years old, married and the father of three children. He also supports one additional dependent. He earns a living by selling coffee, beans and maize in his town, which is located outside of Kagadi. Jimmy started this business four years ago to support his family and is applying for a loan for 1,000,000 Uganda shillings to expand his business and earn greater profits. He intends to buy more maize and beans because prices are low, and sell after the season is over and prices go up. His dream is to finish construction of his house and pay for the education of his children. His main challenge is transporting his products to market because he is using a bicycle, and fluctuations in the price of agricultural products.
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.