Elisha is involved in the buying and selling of agricultural products, mainly coffee, ground nuts and beans, as a major source of income to look after the family. He started this business in 2008 after failing to get formal employment.
Elisha requested a loan of 2,000,000 shillings to add into his agricultural trade business to buy ground nuts, coffee and beans, since the season is on. He hopes to get much income from the business if he is funded because he has always been limited by capital.
Elisha faces a challenge of the changing weather affecting the agricultural trade, as well as the price fluctuation for agricultural products in the market. His dream is to have his business improve to a level where he can both buy the seeds and thereafter process and package them. He is certain that this will make the business more profitable.
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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