Martin is 26 years old, married and has three children. He deals in the goat business, and also does farming to supplement his business income in order to adequately meet the demands of his household. The purpose of this loan is to add to his stock of goats. His clients are local people. He hopes to expand his business, but his challenge is long dry spells which affect the productivity of the goats in terms of size and birth. He also spends a lot of money during such seasons trying to find water and feed for them. He wants the partnership with Kiva to grow into a long-term relationship and he hopes this will help him improve his business.
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.