Silver is a 47-year-old married man living in Bundibugyo, Uganda. He buys and sells cocoa and has been in business for sixteen years. Since cocoa is a seasonal crop, he is challenged by price fluctuations, seasonal weather changes and high transportation costs leading to minimal profits.The client's personal goals are educating his children, building a permanent home and buying a car to ease his work. Silver is hopeful that if he can hire employees to help expand the business, move the business to a more permanent location, and expand the business into new markets, he would reap tangible profits.The purpose of the loan is to buy more cocoa to sell.
This loan provides farmers and low-income entrepreneurs from underserved rural areas with access to financial services. By supporting this loan, you allow more farmers and rural entrepreneurs to access capital.