Paul is a twenty-eight-year old man with three children living in Bundibugyo, Uganda. He has been in the agriculture business since 2008. He also gets income from his retail shop, which he started after realizing that farming alone could not help him provide the basics for his family, due to its seasonal nature.
The high cost of rent and price fluctuations are his major challenges, while his dream is to trade in wholesale.
Paul is requesting for a loan to buy general merchandise such as soap and salt 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.