With SOMA, Now I know that savings come first, then you invest them and after that you can track your income”
“SOMA is bridging the knowledge gap between what is being done to what should be done in Agriculture to achieve productivity on the farm”
“I got to know SOMA from my mother who sent me a link via Facebook. All the processes of registering and learning were seamless and I think it will change the lives of my village farmers since most of them are still illiterate."
“The Simu+ has not only helped me as a person but also my business. I am right now encouraging other people to finish the training so that they know how to do bookkeeping and avoid misusing money”
“Now that we know our stand in the coffee market and the training helps us small producers compete with the other big players and international producers in the market since these people are well conversant with the market trends and dynamics yet for us, we are not. So, the ADC training is empowering us."
“We exported over 40 metric tons in the first year and then we exported 63 metric tons of coffee. With the Price Risk Management training and the financial literacy trainings has taught us how to negotiate a contract, what the different incoterms mean. Now that I know my stand in the market, I can well express myself with the buyer and ask for better prices. The training is also helping us on how to arrange our data, with the spread sheets we can extract data easily.”
“I first got Ugx. 10million then Ugx. 25million. I pay monthly on a 2.7 % interest in reducing balance. I keep my records and keenly follow my loan repayment and I also know how much I have put in my farm just like I was taught by ADC, so it is easier for me to repay the loan.
I have never defaulted my loan, I pay promptly. I recently applied for Ugx. 30million to develop a new plantation and a tree plantation so that the trees can help me to deal with hailstorm and the like. When the banana is at its peak, I get 6 million per month, for example this month I harvested thrice because it is the season.”
“I used to take about 8 bottles of beer, but now, I only take water to save the money for my business. It used to cost me 3000 shillings times 8 bottles in 30 days, you can imagine that’s a lot of money which can cater for other things. Before we suffered in the hands of banks, we applied for loans, but we were never given.
After the ADC training, we sat down as a cooperative and decided that everyone contributes a shilling from the produce, we save it at cooperative level. As I talk now, we have saved 5 million shillings in our account and we have a good relationship with the DFCU bank now. They are so willing to give us money because we are more organized, we don’t delay, and they don’t delay serving us as a cooperative”
“We have seen our growth through the training’s ADC has been giving us. We started working with Raba Foundation 5-year back with our first loan of 250 million which increased our net income and mobilized more members however most of the members we serve are illiterate about finance so we needed ADC to train the farmers we work with so that they are able to pay back their loans but most importantly for the farmers to be able to expand their businesses.
“We recently got another loan from Rabobank foundation as a SACCO of 1 billion which has lifted our portfolio to five billion and our members are now financial literate. Robert Mugabi is one of our members who has received agriculture loans over ten times from our SACCO and also getting training form ADC”