Gerald's primary business challenge is low matooke output (matooke is a variety of cooking banana) on his farm, and he wishes to tackle this problem aggressively because the market for matooke has grown in the area. He used his previous loan of 3,000,000 Ugandan shillings to improve his farm by mulching his banana plantation, and he is confident that this will help increase his yields.
He decided to come to UGAFODE for a second loan in order to buy organic manure and additional mulch. He is confident that this investment will do wonders for his agricultural production.
More information about this loan
This loan is part of UGAFODE's green loan program, giving Ugandan farmers the support they need to grow and process organic fruits and vegetables. Funds will be used to obtain critical resources like processing equipment, mulch and organic seedlings to reduce waste water contamination and improve consumer health. The green loan program also helps clients combat regional problems like deforestation and over-fishing.
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Success!! The loan was 100% repaid