Godfrey now wants a loan of 1,200,000 Ugandan Shillings to buy construction materials; especially, cement and sand to plaster the building so as to improve the environment his pupils are studying in. His dream is to develop the school and have classes up to primary seven, providing quality primary education at a low cost for the children in his village. He faces various challenges including late payment and at times non-payment of school fees by parents, which makes the operations very difficult. He ends up using his own money to keep the school running and pay the teachers.
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