The purpose of this loan is to buy cows, fatten them and later sell them off to get money to back the loan. Any balance will be used to build a house for his family and pay school fees for his siblings.
Robert's biggest challenge is access to enough capital. In addition, he faces challenges related to cattle diseases, therefore he needs a lot of money to employ skilled personnel.
In addition to cattle keeping, Robert is engaged in crop cultivation; he grows bananas, maize for his family's consumption and the balance is sold off to earn some income.
Robert is a calm, hardworking man, cooperative and ready to work. This has been demonstrated by the passion for his job and good character. He is in his third loan cycle.
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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