Herbert is a twenty-seven-year-old, hardworking, man living in Kasese, Uganda. He is a banker and has been working for two years. He has always admired the banking profession and, when the opportunity came along, he felt it was a dream come true. During this time in service, he has been able to buy land on which he intends to build a family residential house. His major challenge is that the work is time consuming, as he reports to work at 8:00 AM and goes home at 9:00 PM and thus has limited time to go into business to earn extra income. Herbert is requesting a loan to buy building materials such as cement and bricks for his 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.