Alex, 40, is a married man with six children living in Kagadi, Uganda. After assessing the need in his community, he decided to set up a clinic since most government hospitals lack pharmaceutical drugs. With the income earned, Alex has been able to buy land and expand his clinic. Bad debts and high labor turnover are challenges he faces in his business. Alex's desire is to have a private hospital with qualified personnel. He intends to use this loan to buy pharmaceutical drugs for his clinic.
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.