Richard is a 37 year old man with 8 children living in Bundibugyo-Uganda. He transports people using his motor cycle as he practices farming in cocoa production to earn a living. He works hard but faces a challenge of competition from other producers and seasonality changes which affect the cocoa business output. His dream is to buy many motorcycles so as to increase his income. He intends to use the loan to buy cocoa to sell this peak season.
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.