Francis is a married man who comes from a remote area in Nsungu- rural Ibanda. He deals in cattle and goat fattening and trade. He has been in this business for 15 years and it has helped him to educate his six children. He has requested a loan of 3,000,000 UGX to buy cows and goats. He is targeting the Christmas season for higher sales. He hopes to expand his business and cash flow because he has plans of constructing a permanent home for his family. Francis has many customers because he is honest.
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.