Rashid operates a bakery which he started in 2002. He supplies his bread and cakes to restaurants, shops, supermarkets and neighbors in surrounding areas.
Rashid has asked for a loan of Ugx. 2,000,000 for modifying and expanding his bakery, so that he can produce better and more bread. He faces challenges of inadequate capital, which affects his production rate, and he also has many competitors in the market. He is a hardworking man whose dream is to see all his children have a better education since he never had formal education and has seen the consequences of not going to school.
More information about this loan
This loan is part of UGAFODE”s Micro Mortgage Loan program. Many of these clients are currently renting and these loans allow them to own their home and provide for their families. This may be their first home, or renovation to homes not fit for habitation. By building and renovating, borrowers who utilize these loans have improved health and safety through a stronger structure and better protection from the elements. UGAFODE offers these loans to cover essential costs like labour and material so borrowers can provide adequate shelter and sanitation facilities for their families.
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