Francis is a 41-year-old married man with eight children; seven of them go to school. A local brew dealer in Kagadi, Uganda, he has been in this business for five years. He also deals in produce.
He set up this business to get income to support his growing family. Inadequate capital and the poor state of roads in rural areas are the leading factors hindering the fast growth of his business, while his dream is to become the leading alcohol supplier in the region, and also to be able to process it and export it to outside countries.
Francis intends to use the loan to buy local brew 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.