He was able to get a loan and managed to buy a car in 2007, which he used to take milk to the dairy. Augustine also bought a solar system from one of the loans from Ugafode Microfinance Limited. He has also been able to educate his children and look after his family in a decent manner.
He now wants to buy more cows with the loan he is getting to increase milk production and earn more income. Thank you for the great services.
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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Success!! The loan was 100% repaid