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Stephen
Stephen is a fifty-year-old man with 7 children living in Bundibugyo, Uganda. He has been cocoa farming since 1997 and also has a retail shop for extra income. Unpredictable price changes and pests affect his business profits, while his business plan is to expand his cocoa plantation. Stephen intends to use the loan to buy general merchandise such as sugar and rice to sell and also to pay workers who are harvesting his cocoa plantation.

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
  • 158
    View loans »
    Uganda Loans Fundraising
  • $28,318,675
    Funds lent in using Kiva
  • 2,720.2
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Stephen to buy general merchandise such as sugar and rice to sell, and to pay workers.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 20, 2012
Listed
Jan 8, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 20, 2013