Bukaluba Sibutankdikeko Group
Joseph is the group's featured borrower. He has his hand raised in the photo. He is a married man, 45 years old, with six children, four of whom attend school. He deals in local brewing and he does farming as a side business. He started his brewing business in 1996 in order to improve his standard of living and to pay school fees for his children. His clients are people from the surrounding area.
Joseph's major challenges are the lack of sufficient working capital and clients who take too long to pay their debts. As a result, he acquired this loan to boost his businesses. His hope is to one day buy a plot for his family, educate his children and grow his business.
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.
This is a Group Loan
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