Kasojo Farmers Savings & Credit Group
Obadia buys and sells cereals. He has a corn milling machine. He started this business in 2005 with an aim of increasing his daily family income.
Obadia wants a loan of UGX 500,000 to buy more cereals. He buys the cereals and mills them. He hopes to expand his business by buying a motor vehicle to transport the corn flour from the village to the market.
His major challenge is the limited capital he has for his business. He also has difficulty getting vehicles to transport both the corn and the flour. He commends the lender for the efficient and timely provision of their services.
Attached is a photo of the group members, they are 15 because the local council chairperson who did not acquire a loan this cycle agreed to be part of the photo, he signed the waiver though.
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