In Uganda, however, marriage is not a day long event but a long process that begins at the point Peter finds himself now. Since itâ€™s taboo for any girl Peter brings home to enter his fatherâ€™s house, the first thing that must happen is that Peter builds a house of his own on his fatherâ€™s land in Tororo (Eastern Uganda). Peter has been saving for this purpose and would like a loan of shs. 800,000 ($475) to add to what he has saved and complete the house quickly.
Peter is an extremely sincere, hardworking and capable young man, and very popular with the Life in Africa members - who are all now wondering who his choice of bride will be!
Below is Peterâ€™s budget:
Cement 20 Bags @ 17000 = 52000
Sand 2 Trips @ 30000 = 60000
Doors 4 @ 50000 = 200000
Windows 4 @ 15000 = 60000
Nails 4kg @ 4000 = 16000
Based on his current income, Peter will be able to repay this loan in 8 months. He has designated a portion of the interest he pays on the loan to support Life in Africaâ€™s Internet4change Program.
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.
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