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Salim
Salim is a 35-year-old married man with four children living in Bundibugyo, Uganda. Seven years ago, he decided to venture into motorcycle transport to help meet the family's needs, given its low cost of operation. He also grows cocoa to supplement his income sources, and we found him in his plantation at the time of the interview. He started as a hired driver who had to remit 80% of his daily earnings to his boss, but, through hard work, he has been able to buy his own motorcycle. High license fees and poor roads are his major constraints, while his dreams are to own a transport company and educate his children up to university. Salim intends to use this loan to buy a motorcycle for his transport business.

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
  • 107
    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 Salim to buy motorcycles for a transport business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 16, 2012
Listed
Jan 5, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013