Florence is a 56-year-old woman with six children living in Bundibugyo, Uganda. She is a very hardworking woman who operates a bar and lodge with a pool table. She has been in business for six years, and with the proceeds she pays school fees for her children. Inadequate capital is a great hindrance to her business plans, although she still wants to own a modern hotel someday. The purpose of the loan is to buy soda 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.