A loan of $500 helped to buy a motorcycle to travel between his farm and retail shops.

John's story

John is a 39-year-old married man. He has six children, three of whom are in school. He is a peasant farmer who grows maize. John also has a retail shop as an additional source of income. John started this business in order to have enough income to sustain his family.

He wants a loan of 1,300,000 shillings to buy a motorcycle which will help him to travel from his garden to faraway shops. The motorcycle will ease transportation of his retail commodities, and help him to meet demand on time. It will also reduce John's cost of doing business. His major clients are the residents of his village Kagadi, a town on the outskirts of western Uganda, and residents of neighboring towns.

John hopes to improve the living standard of his family with the proceeds of his agriculture and retail shop. His major challenges are the changing weather conditions, which affect his agricultural production, and the fluctuating prices of agricultural products. John will likely need loans to pay school fees in the future and therefore, he is happy that loans are available from UGAFODE. This will help him to borrow, and then slowly repay, the money to easily educate his children.

Loan details

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Loan details