Frank has approached Ugafode for a loan of 1,300,000 UGX. He will use it to hire labourers. He has borrowed 800,000 previously. He intends to pay back the loan, out of revenues from his farming activities. His main business challenges include weather changes, which affect crop productivity. He describes himself as hardworking and honest.
He dreams of building a good, residential house for his family, and of acquiring more land for his family, which is growing big.
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