In order to look after her family, Margret grows bananas and Irish and sweet potatoes on a small scale for both commercial and home consumption. She is a hard working woman but is challenged by price fluctuations in the market.
Margret borrowed a loan of 700,000 UGX from the institution to pay last term's school fees for her daughter, who is in a nursing school. Now the daughter is about to take her exams for the second semester and she does not have money to pay for her. She has thus applied for a loan of 700,000 UGX to pay for the school fees.
In the photograph is Margret and the loan officer.
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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