Lawrence, aged 36, is a married man with three children living in Kagadi, Uganda. He owns a produce business and he started the business with the savings from his salon. He describes himself as hardworking and has a dream of building a house for his family in future and to educating all his children up to university level. Price fluctuations and high license fees are his major challenges while his business plan is to own a food store that can sustainably supply his customers all year round. Lawrence intends to use the loan to buy beans and groundnuts 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.