Dennis is a new client in the institution who has been provided with a loan of 1,000,000 shillings to buy pesticides. He is a single man; however, he has three dependents that he takes care of. He pays their school fees, and provides clothes and other necessities. Dennis has been involved in tomato farming and trading for the last six years. Most of his customers are schools, individuals and retail shops and kiosks from neighboring markets and districts. His biggest problems are limited capital, lack of storage facilities for his products (since they are perishable), pests, and diseases. But with this loan he will be in a position to solve most of them.
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.