Hassan wants a loan of 3,000,000 shillings to complete payment on land. The cost for the land is 5,700,000 shillings of which he has only 2,700,000. He hopes to use this land for the grazing of his cows for sale because he has been hiring the grazing land and he hopes to save a lot from the business if this land is bought.
His major challenge is limited capital in the business as well as the transportation of animals to the market. His dream is to buy a vehicle to help him with the transportation.
More information about this loan
This loan is part of UGAFODE”s Micro Mortgage Loan program. Many of these clients are currently renting and these loans allow them to own their home and provide for their families. This may be their first home, or renovation to homes not fit for habitation. By building and renovating, borrowers who utilize these loans have improved health and safety through a stronger structure and better protection from the elements. UGAFODE offers these loans to cover essential costs like labour and material so borrowers can provide adequate shelter and sanitation facilities for their families.
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Success!! The loan was 100% repaid