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Yosofu
Yosofu is a twenty-six-year-old married man with one child, living in Kasese, Uganda. He operates a retail shop and has been in business for three years. He started the business after realizing that farming is seasonal and thus cannot be depended on to meet his family's daily expenses. Like all good and responsible fathers, his desire is to educate his children to attain degrees as a minimum qualification. Price fluctuation and unpredictable weather changes affect his business growth while his plans are to venture into mechanized agriculture and trade in wholesale. Yosofu intends to use the loan to buy sugar, soap and salt to sell.

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
  • 230
    View loans »
    Uganda Loans Fundraising
  • $29,183,825
    Funds lent in using Kiva
  • 2,516.5
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Yosofu to buy sugar, soap and salt to sell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 8, 2013
Listed
Nov 18, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014