Benon, age 61, is a farmer and a vendor of agricultural produce. He farms banana and sugar cane as well as other crops, and his customers are wholesalers from the city.
Benon lives with his wife and children in Fort Portal, Uganda. His primary objective is to bring in a good income so that he can support his family and eventually provide for his children's higher education.
The current rainy seasons often make the roads impassable, and floods are also a great threat to his business. His desire is eventually to own a food store in town.
Benon intends to use the loan to buy ground-nuts 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.