He works seven days in a week and he started this business in order to raise enough income to support his large family and provide the family necessities. He has acquired this loan in order to purchase agricultural produce that is selling cheaply apparently. This will help to sell at a higher price to the city traders and increase his income. His clients are traders from surrounding places.
The challenges he faces are limited capital and price fluctuation. He describes himself as a trustworthy and hardworking man who encourages lenders to reduce on interests.
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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