Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

Partner Description:

HOFOKAM is a microfinance institution founded by the Catholic Dioceses of Hoima, Fort Portal and Kasese in Western Uganda. Funding and technical support are provided by Catholic Relief Services. The institution was founded in 2003 through a merger of three Diocesan microfinance programs and incorporated as a company limited by a guarantee.

In February 2012, HOFOKAM’s legal status changed, and it became a company limited by shares. Today, it’s one of the oldest and largest microfinance institutions serving the rural poor in Western Uganda. It currently reaches over 20,000 clients organized into 1,149 village banks that cover 15 districts. Its portfolio exceeds US$4.7 million.

Recognizing that financial services aren’t the only tools for economic development and poverty alleviation, HOFOKAM has forged synergistic relationships with a number of socially driven organizations. This has expanded the institution’s reach and social impact, and has helped to shape its strategic approach and competitiveness.

These partnerships enable HOFOKAM to provide clients with new, innovative products and services. In addition to offering loans for agriculture and small business, it also provides education loans for children and adults, and housing and group loans for those who do not have collateral to mortgage. The 0% interest funding provided by Kiva lenders is helping the institution to grow these services.

HOFOKAM has partnered with Kiva since January 2010. With a strong anti-poverty focus, it works primarily in rural parts of Western Uganda and has distinguished itself by targeting very poor clients who require smaller loan sizes. HOFOKAM is proud to be the only microfinance institution in Uganda with headquarters in the countryside where it works. Kiva’s support is also helping the organization expand into the mountainous areas of the country, which are very remote and difficult to reach with financial services.

HOFOKAM’s Vision:

HOFOKAM aims to build economically empowered households in Uganda. It is pursuing this vision through its core values of honesty, trustworthiness, local empowerment, teamwork, stewardship, reliability, commitment to service and excellence.

Awards and honors:

Since its inception, HOFOKAM has received a number of honors from global organizations, including its major partners Catholic Relief Services, Citi Bank and Agri-Finance Marketplace. These awards acknowledge its financial, operational, institutional and social transparency:

     • 2011 Award for best financial services for individual farmers in Fort Portal from Agri-Finance Marketplace. 
     • 2011 Citi Microentrepreneurship Award for extraordinary support for micro-entrepreneurs in Uganda.
     • Pricing transparency award from Microfinance Transparency Organization to honor HOFOKAM for clearly communicating all prices and fees to clients.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Feb 24, 2010 Oct 12, 2005
Total Loans $10,273,975 $998,501,025
Amount of raised Inactive loans $0 $473,075
Number of raised Inactive loans 0 395
Amount of Paying Back Loans $1,003,425 $148,536,150
Number of Paying Back Loans 1,504 187,452
Amount of Ended Loans $9,270,550 $849,491,800
Number of Ended Loans 13,921 1,070,321
Delinquency Rate 3.93% 8.48%
Amount in Arrears $23,022 $8,132,224
Outstanding Portfolio $481,964 $95,859,337
Number of Loans Delinquent 189 20,256
Default Rate 0.63% 1.41%
Amount of Ended Loans Defaulted $57,969 $11,937,620
Number of Ended Loans Defaulted 246 34,361
Currency Exchange Loss Rate 0.99% 0.45%
Amount of Currency Exchange Loss $101,694 $4,521,512
Refund Rate 0.48% 0.60%
Amount of Refunded Loans $49,525 $5,985,075
Number of Refunded Loans 71 6,003

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 36.23% 75.53%
Average Loan Size $309 $398
Average Individual Loan Size $537 $626
Average Group Loan Size $1,938 $1,757
Average number of borrowers per group 13.5 7.7
Average GDP per capita (PPP) in local country $1,800 $5,871
Average Loan Size / GDP per capita (PPP) 17.16% 6.78%
Average Time to Fund a Loan 9.71 days 6.92 days
Average Dollars Raised Per Day Per Loan $31.80 $57.53
  Average Loan Term 8.99 months 11.14 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 4,990 521,503
  Journaling Rate 31.00% 41.20%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.14

Borrowing Cost Comparison (based on 2015 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 48% PY 57.00% PY 26.32% PY
  Profitability (return on assets) 3.5% 4.5% -1.11%
  Average Loan Size (% of per capita income) 66.70% 61.00% 15.88%

Country Fast Facts

Field Partner Staff

Beth Akareut
Marahi Alphonse
Milly Atuhaire
Denis Azoora
christine baguma
Winnie Banura
Harriet Bigira
Komurubuga Brenda
John Byaruhanga
Charles Isingoma
Titus Kaahwa
Harriet Kabataizibwa
Rosie Marie Kaddu
Rosie marie Kaddu
Doreen Kakyo
Doreen Kakyo
Doreen Kanyiginya
Cissy Karugaba
Andrew Katusabe
Annet Kemigisa
Frank Kirungi
Test Kiva
Josephine Kugonza
Raymond Kwebiiha
Faridah Kwikiriza
Mbambu Moreen
Yosam Mumwoli
Ann Mwesigwa
Noeline Nakabugo
winfred nakacwa
Onis Ngene
Wasswa Robert
Stephen Thembo Mukobi
Ronald Tindyebwa
Robina Twooki
Raphael Yombo