Frank is a 28 year-old-man dealing in the coffee trade as his primary source of income. The photo shows Frank in his coffee store.
He applied for a loan of 1,000,000 UGX to purchase more coffee for sale. He has had this business for three years, and has gained commendable experience in the business. Frank purchases the coffee from farmers, dries it, processes it, and sells it at a profit. He applied for the loan so he can increase his stock. He plans to store the coffee until prices go up and sell it at a better price, above the market price.
Frank plans to buy a piece of land and plant more coffee on it. He also intends to diversify his business into goat’s trade, so as to increase his house hold income.