Now, Moses has approached UGAFODE for another loan, this time in the amount of 1,500,000 (one million, five hundred thousand shillings). He will use this loan to expand on his passion fruit orchard, paying workers and buying mulches for the orchard. He is faced with challenges, such as the changing weather, which affects agricultural production, as well as price fluctuations in the markets.
Moses hopes to acquire a motorcycle to help him transport his passion fruit to the market, and to acquire a machine for squeezing sugarcane to brew, so that he can earn more profits, in the near future.
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