Peter created a big rice farm in Karamoja, Uganda. He has six acres of land to keep up the place he grows rice, sugar cane, cabbages and onions to offer an revenue to help his ten youngsters.
With a mortgage from his Financial savings Group, Peter was in a position to plant half of his six acres with rice and rent employees to assist him are inclined to it.
Though the mortgage was useful, Peter’s farm nonetheless faces many challenges. Rice is barely harvested yearly, so whether it is destroyed by the tough climate, his household loses out.
By supplementing his revenue with different greens Peter is making an attempt to plan for the long run, however rising and harvesting crops generally is a gradual, troublesome course of.
“I hope in the future that I’ll purchase a tractor. Having a tractor would save me a number of time, and it may assist me plant on much more land.”
Quickly, Peter hopes he might take out a mortgage to purchase a tractor and purchase silos to retailer his crops. This can construct his revenue, and make his household extra immune to the tough local weather!
