Katende has now requested a loan of 2,000,000 (Two million Uganda shillings) so that he can buy more land to expand on his sugarcane plantation. The land costs UGX 4,000,000 and out of this amount he has only 2,000,000 UGX. He hopes that after acquiring this land and expanding his plantation, the income will increase.
However, Katende says that over-relying on agriculture is a challenge, most especially when there has been a change in the weather conditions and in view of the price fluctuation of agricultural produce on the market. But he is a hard-working person who has been supporting his family using income from agriculture and would like to improve his agriculture with support from Ugafode.
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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