Richaman is a twenty seven year old married man with five children living in Bundibugyo, Uganda. He has been farming for three years and also buys cocoa from other farmers. His major customer is the processing cocoa plant in town. His main challenges are inadequate capital to meet the high demand, high transportation costs and seasonal weather changes.
Richaman's personal goals are to educate his children and to build a permanent home for the family. His business goals consist of expanding his business to new market areas and moving the business to a more permanent location. The purpose of the loan is to buy more cocoa to sell.
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.
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.