Peter is a 31-year-old married man with two children living in Hioma, Uganda. He describes himself as a hardworking man. He operates a produce business dealing in maize, beans, and groundnuts, and he has operated it for a period of five years now. The business is urban-based and he started it using capital from farming to enable him to get daily income to help with the smooth running of his family. He would like to expand the business to new areas and buy a vehicle for transporting his produce to the city. Peter intends to use the loan to buy beans, groundnuts, and maize 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.