Apollo, a resident of Rutunguru, Ntungamo District, is married to Scovia Busingye and they have 2 children. Apollo buys matooke (green bananas) from local farmers and sells them at a nearby town for profit. He has applied for a loan of UGX 500,000 to expand his business and provide for his extended family. He wants to buy a motorcycle with the next loan which will bring him more income to adequately meet the needs of his family. He is hardworking and is grateful to the Kiva lenders for lending to his businesses through Ugafode Micro Finance, Ltd. This picture shows Apollo, his guarantor, and the Ugafode credit officer (right to left).
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.