With the profits, he has been able to build a permanent house for his family and to educate his children. He increased his stock with new clothes that were preferred by children. He will use the loan to buy a stock of clothes for selling during the festive season. In the photograph is Frank (on the right), his wife and the Ugafode credit officer (sitting down).
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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