Mary is a 39-year-old hardworking woman living in Fort Portal, Uganda. She has a personal goal of building a permanent house for her residence. She has been running a pharmacy for the last sixteen years. After her studies, she used her personal savings to start her business. She faces hardships of price fluctuations and stiff competition from her competitors. She has a vision of diversifying her business to include farming, buying land to grow crops, and hiring employees to help expand her business. Mary needs a loan to buy building materials for her house.
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.