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Richard
Richard is a 31-year-old, married man with two children, ages 4 and 3, living in Kagadi, Uganda. Due to his passion for agriculture, he started a produce business 3 years ago. With the income earned, Richard has been able to build rental houses to supplement his produce business and also has continued to do farming. He dreams of building a big residential house for his growing family and owning a food store that can sustainably supply the region despite challenges of unpredictable weather and bad roads that affect his business. Richard intends to use the loan to buy beans and maize 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

  • $1,500
    Average annual income
  • 360
    View loans »
    Uganda Loans Fundraising
  • $30,344,450
    Funds lent in using Kiva
  • 2,610.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Richard to buy beans and maize to sell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 9, 2012
Listed
Nov 16, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013