Charles is a cattle trader. He wants to buy cows that he will graze for a few months and then later sell. The income from the sale will help him to meet the basic needs of his family. He will also be in position to build a descent house for his wife and children to improve their standard of living. His customers are butchers. His challenge is the limited market and dry spells. He is hardworking and he thanks UGAFODE Microfinance for supporting 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.