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With a population of 48 million, Uganda is the third-largest economy in East Africa, after Kenya and Tanzania. After going through a difficult period until the 1980s, the country has achieved impressive economic performance over the last few decades. Uganda managed the post-pandemic recovery well and has remained resilient in the face of global economic challenges. Agriculture remains the backbone of the Ugandan economy, employing 66% of the population, with coffee being one of the main export resources. Despite this positive trend, poverty persists, with 60% of the population living below the global threshold of $3 PPP/day.
Hofokam seeks to support rural households in the community by offering tailored and competitive financial services that help clients achieve their socio-economic goals. By focusing on quality and affordable credit for agriculture, small businesses, housing, education, clean energy, water, and sanitation, as well as financial literacy and business training, Hofokam enables economically active yet disadvantaged populations (particularly women and youth) to improve their livelihoods, build resilience, and foster sustainable development within their communities.
