In addition to the matoke (green banana) selling business, he also operates a grocery, which brings in additional income. Gersom’s clients are mainly the local people who have greatly supported him. His major challenge is lack of working capital, which has hindered him from growing the business to the required standards.
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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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