Jimmy is a thirty-one-year-old, married man with three children living in Kagadi, Uganda. Since 2003 he has been farming and also trades in produce since his farm outputs are not enough for vast markets. With the proceeds he has been able to pay the school fees for his children and buy more land for farming.
Like most farmers Jimmy has challenges of price fluctuation and inadequate capital, while his dreams are to build a permanent residential house and venture into mechanized agriculture. Jimmy intends to use the loan to buy maize, groundnuts and beans 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.