Richard is a 38-year-old, hard-working man, living in Bundibugyo, Uganda. For 14 years he has been trading in cocoa. He was among the first people to venture into this lucrative business, and he has since reaped tangible benefits.
Like most good fathers, he desires to educate his children up to the university level, and set up sustainable income-generating activities for them. That is why he does so many activities, such as teaching and timber sales, to supplement the income he earns from the cocoa business.
Inadequate capital to meet the demand, and the seasonal nature of the crop, pose challenges to his business. His dream is to be the major supplier of cocoa in the district. Richard is requesting a loan to buy cocoa to resell.
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.