Saidi is a 32-year-old, hard-working man with three children, living in Bundibugyo, Uganda. For six years, he has been operating a retail shop. He started the shop in order to financially support his growing family. Like most good fathers, he desires to educate his children up to the University level and set up sustainable income generating activities. Saidi also grows cocoa which has high demand since the cocoa-processing factory is located near his home.
Saidi intends to use the loan to buy general merchandise, such as sugar and cooking oil, for resale. Inadequate capital to meet the increasing demand is his great challenge while his dream is to own a wholesale shop.
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.