Yuda Tadeo is a 30-year-old, married man, who has two children, aged 4 and 6 years. He resides in Kagadi, Uganda. He operates a retail store, which he started with savings from agriculture. He began this business in order to improve his family's welfare.
He would like to start a new business and even expand on the existing one. Late payments by customers and price fluctuations are factors affecting the growth of the business. Yuda Tadeo intends to use the loan to buy maize and beans to resell.
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.