Bonny is a 45-year-old married man living in Hioma, Uganda. He is a farmer who also sells produce for a living. Bonny's major business challenges are the high cost of transportation and the effect of weather on the roads he uses to transport his produce.
Bonny is requesting a loan to buy produce, such as maize and beans, to sell. His business plan is to buy a truck to help him transport his goods. Bonny is a good father who desires to educate his children through the university level as well as set up sustainable income-generating activities for his family.
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.