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Richard
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.

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.
 

About Uganda

  • $1,500
    Average annual income
  • 358
    View loans »
    Uganda Loans Fundraising
  • $30,344,450
    Funds lent in using Kiva
  • 2,563.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Richard to buy cocoa to sell this peak season.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 6, 2014
Listed
Mar 27, 2014
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014