Josephine borrowed UGX 500,000 from UGAFODE so that she can expand her business. Now she has applied for an additional UGX 1,000,000 to buy more stock for her business and also buy a piece of land.
She dreams of buying a vehicle that can help her in supplying her items to her customers. She believes this will soon come true with the help of UGAFODE’s low interest rate loans.
Her major challenges are limited capital and price fluctuations.
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