He always faces the challenges of the changing seasons for agricultural production, the price fluctuations for the products and limited capital in his business.
Mohamodu wants a loan of 3,000,000/= (three million shillings) to buy more maize and beans for trade since the season for produce is now on. This will help him realize good returns from the business, look after the family and pay school fees for his children.
His dream is to buy a larger piece of land so that he can do commercial growing of maize and beans. He hopes the partnership between him, Ugafode and the Kiva lenders will last and will bring him closer to his dreams.
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