In particular, his business is nursery bed farming of different tree species and coffee trees where he sells seedlings to the local farmers and the government in cases of bulky arrangements. His farming practice acts as a demonstration farm to most farmers around the area and the country as a whole.
With this practice, he has been able to look after his children, wife and all his dependents, especially his aged parents. With this loan from UGAFODE Microfinance Limited (MDI), he plans to inject the money into his nursery bed business in the form of organic fertilizers in order to gain higher returns.
Therefore he thanks UGAFODE Microfinance Limited (MDI) for the financial services rendered to him over this time.
Pictured is Fidel (right) with the UGAFODE credit officer at his nursery bed during appraisal.
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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