He started the business with the objective of getting income to cater for his family. His major customer is the tea factory which buys all his tea. In addition to tea farming Barnabas also owns a butchery that gives him additional income which he uses to cater for the needs of his family.
He would like to use the loan money of two million (2,000,000) Ugandan shillings to buy fertilizer, so that he can boost the fertility of the soil and hence harvest more tea.
He hopes to expand his business in future and he believes that then his profits will be much more than what he gets presently. Unfavourable weather is his major challenge since this affects his gardens, especially in the rainy season. But despite the challenges he faces now, he is hopeful that he will beat the odds and make money from growing and selling tea.
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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