Charles is a 34-year-old married man living in Masindi, Uganda. The responsibility of looking after his four children rests solely on him, and his desire is to educate them up to university.
Charles is a farmer and also sells maize for a living, despite the challenges of price fluctuations and inadequate capital. His business plan is to diversify his business and trade in other cereals and to venture into modern farming methods. Charles intends to use the loan to buy maize 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.