Total loan: $1,375


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Mbale, Eastern Region, Uganda / Agriculture

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A loan helped to add stock to his agro business to improve sales.

Benard's story

Benard is married with three children. He sells agro inputs in one of the taxi parks within Mbale, dealing in sales of fertilizer, pesticides, seeds, pumps, and other items. With this business he has managed to build a family house, pay school fees for his children, and provide basic needs to the family.

His shop is strategically located due to the many people who pass through the park, and this has won him a competitive advantage, thereby increasing the demand for his products. His only challenge is limited working capital, which has limited him from stocking adequate supplies to meet the high demand. He has therefore approached UGAFODE for a loan of 5,000,000 UGX to increase his stock.

Benard is confident that, with increased stock, he will be able to meet all his customers' needs. Because it's now planting season, he expects improved sales. He appreciates lenders for the support that will boost his business. His dream is to transform the shop to a wholesale store.