Charles is a thirty-year-old man with four children living in Masindi, Uganda. He is a farmer and also provides motorcycle transport in order to raise money to support his family. Price fluctuations and unpredictable changes in the weather affect his business growth. His dreams are to buy a taxi and venture into commercialized agriculture. Charles intends to use the loan to buy farm inputs such as fertilizers and seeds.
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.