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 earnings to help his ten youngsters.
With a mortgage from his Financial savings Group, Peter was capable of plant half of his six acres with rice and rent employees to assist him are likely to it.
Though the mortgage was useful, Peter’s farm nonetheless faces many challenges. Rice is just harvested every year, so whether it is destroyed by the tough climate, his household loses out.
By supplementing his earnings with different greens Peter is making an attempt to plan for the longer term, however rising and harvesting crops is usually a gradual, tough course of.
“I hope at some point that I’ll purchase a tractor. Having a tractor would save me plenty of time, and it might assist me plant on much more land.”
Quickly, Peter hopes he could take out a mortgage to purchase a tractor and purchase silos to retailer his crops. This can construct his earnings, and make his household extra proof against the tough local weather!
