He is a hardworking man who has been dealing in cattle fattening and trading for so many years. However, in his business, he has been faced with many challenges. These include competition from other traders, prolonged droughts, and price fluctuations.
He dreams of expanding his business and has approached this institution for financial support. With this loan from UGAFODE, he hopes to expand his business and earn more profits. He thanks Kiva lenders for their partnership and is looking forward to maintaining the partnership through loan repayment.
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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