Margret has a private primary school located in Hoima Uganda. She started the school in 2010 after realizing the need for a better standard school due to the poor performance of government aided Primary Schools. She gets side income from selling clothes. She desires to see her school built with permanent structures and acquiring more land for expansion, even though limited capital and high license fees affect her cash flow.
Margret is acquiring a loan to buy roofing materials, such as iron sheets, timber and nails for the school.
The photo taken shows Margret with the pupils of her school, since that is her business.
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.