Abusolomu is a 32-year-old married man with four children living in Bundibugyo, Uganda. In order to support his growing family, he decided to start a retail shop and with the proceeds he has been able to buy land and pay school fees for his children. Like most traders, he is challenged by inadequate capital to meet the demand and by price fluctuations while his dream is to trade wholesale.
Abusolomu intends to use the loan to buy maize, cassava flour, sugar, rice and baking flour 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.