Henry is a 33 year old man who grows tomatoes and also does fish farming. He has five children, four of whom go to school. He also takes care of his aged parents. He has applied for a loan of UGX 2,000,000 for buying fish nets and pesticides for the tomatoes. He sometimes has difficulty when he buys pesticides that are adulterated. His previous loan was UGX 1,000,000. He benefited from it and that is why he has asked for another loan. Henry started this business when he was barely 16 years old. He did not go far in his studies and so wishes that his children would complete their studies and go on up to university level.
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.