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.
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.