Wilson is a twenty-nine-year-old ambitious man living in Kagadi, Uganda. He has a retail shop where he sells general merchandise and with the proceeds he has been able to pay school fees for his children. Like most traders he is faced with hardships of price fluctuation and inadequate capital while his dream is to own a depot and a wholesale shop. Wilson intends to use the loan to buy crates of beer, sodas and sugar 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.