Thomas, aged 41, is a married Ugandan man with three children, all of whom attend school. His business is poultry farming and he is involved in a range of activities like teaching, selling fresh food and mobile money transaction, which act as his additional income. With the loan, he wishes to buy chicks and chicken feed to expand his business. In doing all this, he hopes to merge all his businesses into one place and educate all his children. He too, has a number of challenges like the skyrocketing prices of chicken feed and drugs, heavy rains and bad roads making transportation of fresh foods to consumption places a barrier, thus ending with losses.
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.