They applied for loan of UGX 4,300,000, which they will divide among themselves. They have a challenge of low productivity, and they thought of having a loan to buy mulch and pay school fees for their children.
Mulch will improve the productivity of their agricultural products. Their prime target is to change the lives of their families and also to take their children to better schools in the country.
Milia will use the loan to buy mulch for her banana plantation. Her challenge has been a lack of resources, but with the loan her productivity will increase and so will her status in society, which will help her achieve her dreams.
In the photograph are the group members and the Ugafode credit officer (extreme left)
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.
This is a Group Loan
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Success!! The loan was 100% repaid