Vicent is a 31-year-old married man with three children who owns a house in Kyenjojo,Uganda. He has been operating a retail shop for eight years. He started with capital of 70,000 UGX and now has a business worth 3,000,000 UGX. He experiences hardships due to price fluctuation. His vision is to buy a motorcycle to diversify his business and educate his children up to the university level. Vicent intends to use the loan to buy a motorcycle for a transport business.
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.