Edward is a 37-year-old married Ugandan man with five children, of whom four attend school. He is not only a miller but also a mechanic which generates income for him. The only factor that has prompted him to acquire a loan is to buy a bigger milling machine. His future hope is to see himself a millionaire as he wishes his income to increase. Edward is challenged by inadequate capital which at times makes him fail to achieve his targets.
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.