Fred is a 40-year old-married man with four children between the ages of 16 and 4 living in Kagadi, Uganda. He owns a carpentry workshop that he started ten years ago, where he makes chairs and beds. He has been able to establish a motorcycle transport business to supplement his business. He dreams of buying a lorry in future. Limited capital is affecting his business growth. Fred intends to use the loan to buy timber for making school desks and beds to sell.
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.