Funded

Total loan: $800
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Matayo

Uganda
Bundibugyo, Uganda / Food Production/Sales

A loan of $800 helped to buy more cocoa to sell.


Matayo's story

Matayo used the previous loan to buy cocoa to sell and reaped tangible profits which he used to pay the loan and reinvest in the business. He is a 33-year-old married man with three children living in Bundibugyo, Uganda. He deals in the cocoa business, which he has been doing for five years.

The crop attracts high demand from both local and foreign consumers. Matayo is requesting another loan to buy cocoa to sell. He faces a challenge of the seasonal nature of the business, which hinders his development plan. His strategy is to diversify his business because dealing in a variety of crops would allow Matayo to spread his risks.



Loan details

Loan length:

8 months
Disbursed date: September 12, 2012
Facilitated by Field Partner: HOFOKAM Ltd., a partner of Catholic Relief Services

Lenders and lending teams



Loan details

Loan length:

8 months
Disbursed date: September 12, 2012
Facilitated by Field Partner: HOFOKAM Ltd., a partner of Catholic Relief Services