Siliva owns a boutique in Hoima, Uganda. He is married with five children and three attend school. He gets additional income from farming. He started his business in 2009 so as to provide for his family needs. He hopes to educate his children and expand his business. Limited capital coupled with competition hinder his business.
He is acquiring credit to increase his stock by buying more clothes for selling.
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.