Posiano would like a loan of two million shillings to buy a motorcycle, which will help him transport his produce to the market. He can also use it as a means to diversify the family earnings.
His dream is to acquire enough land to start growing on a larger scale for better harvests. His wish is to put up a permanent house for the family. But he faces challenges. Changing weather conditions affect production, and the prices for agricultural products are known to fluctuate.
In the photograph, the loan officer is pictured in a white shirt and the client Posiano is in a pink shirt. They are in the garden where Posiano's ground nuts are planted.
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