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Vicent
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.

Additional Information

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.
 

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About Uganda

  • $1,500
    Average annual income
  • 176
    View loans »
    Uganda Loans Fundraising
  • $28,315,525
    Funds lent in using Kiva
  • 2,520.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Vicent to buy a motorcycle for transport business..
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 7, 2013
Listed
Nov 11, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014