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Saidi
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.

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
  • 148
    View loans »
    Uganda Loans Fundraising
  • $28,282,425
    Funds lent in using Kiva
  • 2,699.9
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Saidi to buy general merchandise, such as sugar and cooking oil, for resale.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 12, 2012
Listed
Dec 10, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013