Christmas is affected by limited capital, therefore he decided to join UGAFODE for financial assistance so that he can jump-start his business and compete even more favourably in the market.
Christmas hopes that this loan of 5,000,000 Ugandan shillings will help him to increase his sales and earn more even profits. Christmas praised UGAFODE and Kiva for the previous financial assistance which enabled him to accumulate wealth for his family and purchase a house.
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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