Yosofu is a twenty-six-year-old married man with one child, living in Kasese, Uganda. He operates a retail shop and has been in business for three years. He started the business after realizing that farming is seasonal and thus cannot be depended on to meet his family's daily expenses. Like all good and responsible fathers, his desire is to educate his children to attain degrees as a minimum qualification. Price fluctuation and unpredictable weather changes affect his business growth while his plans are to venture into mechanized agriculture and trade in wholesale. Yosofu intends to use the loan to buy sugar, 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.