He is a farmer in his home place with his main business as a banana seller. He has a big banana plantation where he trades the bananas to different traders in the District who later transports them to the city (Kampala District).
Charles began this business with an aim of getting income to meet the needs of his family.However he now has challenges like the banana wilt and season fluctuations where the bananas don’t produce the desired yields. He is now taking this loan from UGAFODE Microfinance Limited (MDI) with the aim buying another piece of land close to his homestead, this he thinks will provide more land for expanding his plantation therefore increasing the yields and in turn take great care of his wife and children's tuition.
Through agriculture, he will be able to improve on his household livelihood which calls for sustainable well being.
More information about this loan
This loan is part of UGAFODE”s Micro Mortgage Loan program. Many of these clients are currently renting and these loans allow them to own their home and provide for their families. This may be their first home, or renovation to homes not fit for habitation. By building and renovating, borrowers who utilize these loans have improved health and safety through a stronger structure and better protection from the elements. UGAFODE offers these loans to cover essential costs like labour and material so borrowers can provide adequate shelter and sanitation facilities for their families.
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