He works six days a week and eight hours per day. He started his business to increase his family's income, get food for his family and get school fees for his children. He acquired this loan to boost his agricultural business so he can buy manure, herbicides and pesticides for the gardens. He hopes this will improve his productivity in the long run. His clients are traders from his village and those from different towns.
His hopes for the future are to expand his business and be the leading supplier of agricultural products in his village. The challenges he faces are the delayed payments from the clients he supplies. He describes himself as a hardworking man who appreciates the services of lenders and through these services, different communities have developed.
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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Success!! The loan was 100% repaid