Total loan: $550


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Kampala, Central Region, Uganda / Food

Mike's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!

A loan helped to buy more produce for trading to secure school fees for his children.

Mike's story

Mike is married with schooling children. He deals in the agro-produce trade business, mainly groundnuts, rice, posho, beans and maize. His business involves buying the produce from local farmers at relatively low prices and then reselling to bulk buyers and processing factories at a slightly higher price to realize a profit.

This is how Mike has managed to provide for his family and also to educate his children.

He has applied for a loan of 2,000,000 UGX from UGAFODE to buy more produce for sale. Mike is confident that his sales will increase and so will his income, thus bettering his family's standards of living.

He sends his gratitude to the lenders for the financial support that will boost his business.

His dream is to own a machine that grinds groundnuts to make ground nut paste so that he maximizes his income.

In the photo, is Mike with one of his children (in the background).