He applied for a loan of two million shillings to improve his passion fruit nursery and tomato garden. Yunusu has been engaged in this business for the last three years. He is also heavily involved in banana and coffee growing, which is his main source of income. Apart from these activities, he also has a small retail shop.
Yunusu works seven days a week and he mainly sells his produce in the local trading centre, markets and schools within the region.
As a farmer who depends on the mercy of the climate and weather, he faces challenges from drought, pests and disease, low prices and limited capital.
However, Yunusu has a positive attitude and all this compels him to work harder and he hopes to be a very successful farmer very soon.
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