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Abasi
Abasi is a forty-seven-year-old man with four children living in Bundibugyo, Uganda. He grows cocoa and also buys from other farmers. With the proceeds he has been able to build rentals where he earns extra income. His major challenges are seasonal weather changes and failure of tenants to pay on time while his business plans are to expand his cocoa trade and become a leading supplier in the district.

Abasi intends to use the loan to buy cocoa to re-sell.

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
  • 277
    View loans »
    Uganda Loans Fundraising
  • $29,617,400
    Funds lent in using Kiva
  • 2,667.7
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Abasi to buy cocoa for resale.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 17, 2013
Listed
Jan 18, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 28, 2014