Sarapio is a 37-year-old man with six children living in Bundibugyo, Uganda. In order to supplement his cocoa plantation, he decided to start a retail shop where he earns money to meet the daily expenses of his family. Like all good fathers, he wants to educate his children up to university and set up sustainable income-generating activities, such as housing, in order to secure their future. Price fluctuation poses a great challenge to his business growth. His goal is to trade wholesale. Sarapio intends to use this loan to buy general merchandise such as salt and soap 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.