Uthuman is a 28-year-old married man living in Fort Portal, Uganda. His business is running a retail shop. He gets additional income from phone charging, motorcycle transportation and teaching. He is facing challenges of high costs of products and the general price fluctuations.
However, he has a vision of having a steady business fully stocked to capacity so as to attract more customers and increase his profits plus lighting his house with solar power since they don't have hydro electricity in his village. Uthuman has asked for a loan to buy solar panels for his house.
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.