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May 31, 2016 11:59 AM ET

Archived: Uganda – A loan of $700 helps Magret to buy knitting threads for making sweaters.

iCrowdNewswire - May 31, 2016




Fort Portal, Uganda Arts | Knitting






At the age of 63 Margret is a single parent with one child and one grandchild to take care of. It has been eight years now since she started her business of knitting school sweaters. She bought the knitting machine using capital she got from selling her maize produce. The purpose of the requested loan is to buy knitting threads for making sweaters, as she dreams of expanding her business to supply many schools. She complains of schools delaying to pay her on time after the supply.

Additional Information



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.


Important Information

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.

A loan of $700 helps Magret to buy knitting threads for making sweaters.
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