Agaba, a timber dealer from Kagadi Uganda, is 40 years old and a father of four children who all attend school. Having started with animal keeping and sale of the local brew known as waragi by the locals, he has been able to grow his business and meet his family needs. He was motivated to start up this business by the poverty that he grew up in and vowed to give a better life to his family. He is challenged by the bad roads that affect transportation of his timber. In future, he plans to educate his children to the university level.
Agaba will use the loan to buy timber 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.