Sarah is a Ugandan woman aged 40, who lives in Fort Portal and has three children. She deals in produce, but is also a credit officer who works with a microfinance institution. She has dreams of educating her children to attain degrees, as a minimum qualification. She also wants to set up a large food store that can supply the region all year round. Price fluctuations and limited time to run the business affect her profit margin, since her job is so demanding, but her plan is to resign and concentrate on her business after it has broken even. Sarah intends to use the loan to buy produce, such as maize and beans.
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.