Yonasan is a hardworking, 30-year-old man living in Bundibugyo, Uganda. He has a retail shop, and he started the business after dropping out of school. He worked as a casual laborer, and after saving enough money he started his current business. Price fluctuations and high rental fees pose challenges to the growth of his business. His dream is to own a wholesale shop. Yonasan intends to use the loan to buy merchandise such as salt and soap 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.