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Richard
Richard is to use the loan funds to finish construction of his house and also to purchase timber for his carpentry business.

Richard is a 36-year-old man with two children aged 7 and 12 years. He lives in his own house and has a dream of educating his children and also acquiring more land.

Richard is a carpenter, a business he has done for fourteen years. He first did crafts then went into timber. At the moment, he is sharing the carpentry shop with others but he hopes to have his own soon.

Additional Information

About Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Uganda

  • $1,500
    Average annual income
  • 135
    View loans »
    Uganda Loans Fundraising
  • $28,666,600
    Funds lent in using Kiva
  • 2,255.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Richard to finish construction of his house and to purchase timber for his carpentry business.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 23, 2010
Listed
Jul 17, 2010
Currency Exchange Loss:
Possible
Ended:
Mar 24, 2011