Philly hopes to use the loan advanced to him to increase his stock so as to tap both markets at the cross borders. He has a future plan of becoming a leading supplier of vet drugs in the town, a dream he can realize with help from Kiva lenders. He is thankful to Kiva lenders for the support so far. He says his main challenge is too little capital and long droughts that cause hoof and mouth disease, along with low sales during the dry spells.
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.
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