Abais, a teacher by profession, is married to a fellow teacher, both living with one child. Due to inadequate salary, they both decided to start agriculture as a side income, majorly cattle fattening, coffee and tree planting. He is now applying for a loan of Ushs. 1 million to assist him in buying more cattle, with a target of selling them during the Christmas season at a higher price. The cows can also be a form of security in case of emergencies or loans.
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.