Fred is applying for a loan of 3,000,000 UGX to buy more cows for milk, to increase his milk production and also buy vet drugs for the cows. His major challenge is the dry season, which leads to inadequate grass to feed his animals and a lack of water (due to the prolonging dry season) which leads to a decrease in milk supply. His dream is to own a milk-cooling plant in his region. Fred is very hardworking. In the photo is Fred (left) with the Ugafode credit officer at his farm.
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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