For five years Mathew has been a teacher, and with the money he has earned he has been able to buy the land upon which he grows crops. He says that since farming is seasonal and his teaching salary comes at the end of the month, he has difficulty meeting his family’s day-to-day expenses.
To help resolve this problem, Mathew would like to set up a shop in which to sell general merchandise. He is applying for a 2,800,000 UGX loan from HOFOKAM to buy stock such as soap, sugar and cooking oil to sell.
Mathew’s goals are to own a wholesale shop and venture into mechanized farming.
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Success!! The loan was 100% repaid