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Benard
Benard is an ambitious young man with two children living in Bundibugyo, Uganda. When he was unable to further his education due to lack of school fees, he decided to set up a bar with his savings earned from cocoa growing, an activity he still practices. He says inadequate capital and high license fees hinder his business.



Benard is requesting this loan to buy beer and soda to sell ahead of the Christmas season when demand is especially high. His goals are to educate his children up to the University and own a modern bar.

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
  • 359
    View loans »
    Uganda Loans Fundraising
  • $30,344,450
    Funds lent in using Kiva
  • 2,699.9
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Benard to buy beer and soda to sell ahead of the Christmas season.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 12, 2012
Listed
Dec 10, 2012
Currency Exchange Loss:
Possible
Ended:
May 19, 2013