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Richard
Richard is a 38-year-old, hard-working man, living in Bundibugyo, Uganda. For 14 years he has been trading in cocoa. He was among the first people to venture into this lucrative business, and he has since reaped tangible benefits.

Like most good fathers, he desires to educate his children up to the university level, and set up sustainable income-generating activities for them. That is why he does so many activities, such as teaching and timber sales, to supplement the income he earns from the cocoa business.

Inadequate capital to meet the demand, and the seasonal nature of the crop, pose challenges to his business. His dream is to be the major supplier of cocoa in the district. Richard is requesting a loan to buy cocoa to resell.

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
  • 96
    View loans »
    Uganda Loans Fundraising
  • $28,253,000
    Funds lent in using Kiva
  • 2,687.9
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Richard to buy cocoa to resell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Dec 21, 2012
Listed
Dec 13, 2012
Currency Exchange Loss:
Possible
Ended:
May 19, 2013