Sowed, aged 42, lives in Hoima, Uganda. He is married with six children aged between 8 and 18, and all attend school. He deals in hardware and spare parts for bicycles and also does farming. He started his business in 2004. He started as a boda-boda rider, saved money, and then started his current business. He desires to educate all his children, to build for them a good house, and to buy a car. Debtors affect his business as they take a long time to pay. He is acquiring this credit to restock spare parts for bicycles and motorcycles.
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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.