about because this is a great achievement in his life due to the benefits he has so far achieved through his retail shops. Alongside retail shops, Viana also does cattle fattening in the nearby village, which is also under his supervision, and he has diversified his sources of income by selling milk from the cows, as well as trading cows in weekly markets in his home area.
Viana has sought this loan in order to acquire some cows for fattening and also to add more stock to his retail shop. His main problems are the price fluctuation of cows and the high operation costs of running a shop, as well as high electricity bills. He appreciates the work done by UGAFODE, especially making it easy for him get access to financial support in the form of a loan and he wishes interest rates could be reduced.
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