Stephen is a 33-year-old, married man who has three children, living in Kasese, Uganda. For two years he has been dealing in produce, and with the profits he has been able to build rental houses and pay school fees for his children. Unpredictable weather changes, and inadequate capital to stock up for when the crops are out of season, are his challenges. His dream is to diversify and trade in other agricultural products, like maize. Stephen intends to use the loan to buy cassava 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.