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Posiano
Posiano is a 34-year-old married man with four children living in Kagadi, Uganda. Seven years go he decided to venture into local brew trade in order to support his growing family. With the income earned he has been able to pay school fees for his children. Inadequate capital to meet the high demand poses a challenge to his business, while his desire is to expand his business to new areas. Posiano intends to use the loan to buy local brew to sell ahead of the Christmas season when demand is high.

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
  • 282
    View loans »
    Uganda Loans Fundraising
  • $29,599,275
    Funds lent in using Kiva
  • 2,665.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Posiano to buy local brew to sell.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 12, 2012
Listed
Dec 18, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 20, 2013