Fred is a hard-working 53-year-old married man who lives in Kyenjojo-Uganda. He has five children, all of whom attend school He acquired his start-up capital from rental income. He opened a retail shop where he sells general merchandise to the people in his village and the surrounding areas. Fred is a very honest businessman but is challenged by inadequate capital and price fluctuations due to inflation, which lead to high prices for commodities. In the future, he wants to become a wholesaler and open up new outlets in the nearby urban centers. Fred is applying for the loan to purchase sugar, soap, rice, salt and cooking oil to sell.
This loan provides farmers and low-income entrepreneurs from underserved rural areas with access to financial services. By supporting this loan, you allow more farmers and rural entrepreneurs to access capital.