Samson is a 37-year-old, married man with five children, living in Bundibugyo, Uganda. He has a retail shop where he sells new clothes. He also grows cocoa and has now started the retail shop, so as to meet his family's daily expenses since his other work is seasonal. Price fluctuations and ever-changing customer preferences affect the business, while his plan is to own a modern boutique.
Samson intends to use the loan to buy clothes 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.