Alfred is a 45-year-old married man with six children living in Masindi, Uganda. He practices farming and also operates a retail shop for additional income. Price fluctuation and inadequate capital to meet the high demand of his customers are affecting his business growth. His dreams are to trade in wholesale, venture into modern farming, and pay school fees for his children. Alfred intends to use the loan to pay workers who are clearing his garden and to buy seedlings for planting.
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.