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Richaman
Richaman is a twenty seven year old married man with five children living in Bundibugyo, Uganda. He has been farming for three years and also buys cocoa from other farmers. His major customer is the processing cocoa plant in town. His main challenges are inadequate capital to meet the high demand, high transportation costs and seasonal weather changes.

Richaman's personal goals are to educate his children and to build a permanent home for the family. His business goals consist of expanding his business to new market areas and moving the business to a more permanent location. The purpose of the loan is to buy more cocoa to sell.

Additional Information

More information about this loan

This loan is part of HOFOKAM's program targeting poor and geographically excluded populations in Western Uganda. In addition to loans, it provides social and business training programs to low-income entrepreneurs and their communities. Since 2003, HOFOKAM has provided sustainable financial and non-financial services to promote social, economic and sustainable land development and improve the quality of life for vulnerable populations. The organization has a clear vested interest in underserved communities with its headquarters in rural Fort Portal and a number of branches in extremely remote areas.
 

About Uganda

  • $1,800
    Average annual income
  • 289
    View loans »
    Uganda Loans Fundraising
  • $30,725,575
    Funds lent in using Kiva
  • 2,592.5
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Richaman to buy more cocoa to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 17, 2012
Listed
Oct 31, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 1, 2013