He has approached UGAFODE for a loan of 1,500,000 Uganda shillings. He will use part of the loan to buy 'waragi,' and another part to pay workers to plough land, for maize growing in the coming season. His dream is to grow his business, to realize greater returns and also to improve the living conditions of the family.
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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Success!! The loan was 100% repaid