Mary is a fifty-year-old widowed female with seven children living in Bundibugyo, Uganda. She has a retail shop and also gets income from rentals and cocoa farming.
Mary has been in this business since 1990 and it has helped her to cater for her family to the required standards of living. She dreams of expanding her business to a bigger trading centre and having many outlets, although she is limited by capital. Mary needs a loan to buy soap, steel wool, salt, sugar, sweets, and boxes of matches 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.