Margret is a 39-year-old single mother of six children living in Kasese, Uganda. She has been selling foodstuffs for six years, and with the profits, she has been able to start a cloth-selling business. The good mother that she is, she desires to educate her children up to the University despite challenges of inadequate capital. Her business plan is to have a food store that can supply her customers all year round. Margret intends to use the loan to buy bananas 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.