Sylvester is a 43-year-old married man with six children living in Kamwenge, Uganda. His main business is to sell cattle and with the income he has earned over the years from this business he has built rental houses to generate additional income. High transportation costs and diseases hinder his business. His vision for the future is to diversify his businesses to include farming. Sylvester intends to use this loan to buy cows 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.