He is a business man who processes bark cloth, which is a kind of cloth used for traditional ceremonies. He supplements his family income with produce trading and agriculture, which he deals in seasonally.
He has been in the business of bark-cloth trading since 2002. He based in it because of experience he had and because less capital was required in starting up. He has acquired a loan facility with the aim of boosting his business by purchasing more stock. He sells his goods to traders in the city.
Kirizesitom describes himself as a hard-working man and very ambitious. He hopes to expand his business and be in a position to be with goods all the time for his customers.
He faces the challenges of lack of enough capital and of unprofessional customers who make orders on the phone but change their mind by the time the goods are delivered.
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