David is a 65-year-old married man living in Fort Portal, Uganda. He is a farmer who grows crops and also rears cattle. He also has a produce business, and he gets the supplies directly from his farm. As a father, he wants to educate his children so they can attain degrees and venture into modernized agriculture. This will help them to weather challenges such as unpredictable weather changes and limited funds.
David says that his customers' needs sometimes require them to buy from other farmers. David intends to use the loan to buy Irish potatoes and sorghum so he can better meet his customers' needs.
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.