Faith is a 62 year old woman with two children living in Bundibugyo, Uganda. She started her business of selling food 30 years and with the proceeds she was able to buy land and pay school fees for her children. Price fluctuation and the unpredictable weather changes pose a challenge to her growth. Her business plan is to set up food stores in at least three towns. Faith intends to use the loan to buy food such as beans and rice 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.