Leonard, age 47 years, acquired a loan amount of 800,000 UGX. He is married with three children, all of school age, and one orphan. He is a coffee trader in Buzenga Rubirizi, a rural area. He works for 7 hours per day, every day of the week. He also owns a retail shop as another source of income. He started his business in 2001 with the purpose of supporting his family. He will use money to increase his stock of coffee as well as the retail shop. In the future he hopes to progress and to also start his own coffee hauling factory like his colleagues in the area, and he fights so hard to get out of the poverty that is on rampage in the area. His major challenge is the unfavorable weather conditions that affect his business drastically. He thanks the lenders for their efforts to reach communities.
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.