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Jolly
Jolly is a shrewd 58-year-old single mother who has two dependents who she pays school fees for. She offers services in the form of rentals to earn a living and to pay school fees. Her main clients are low-income earners who cannot afford rent for upscale Kampala. Having been built way back in 1985, the rental properties are no longer up to the current standard and she would like to renovate them so that they can be more habitable for her tenants. Her dream is to turn them into a daycare for children of working mothers who have no maids if she gets enough funds. Her main challenge is competition.

Additional Information

More information about this loan

This loan is part of UGAFODE”s Micro Mortgage Loan program.  Many of these clients are currently renting and these loans allow them to own their home and provide for their families. This may be their first home, or renovation to homes not fit for habitation.  By building and renovating, borrowers who utilize these loans have improved health and safety through a stronger structure and better protection from the elements.  UGAFODE offers these loans to cover essential costs like labour and material so borrowers can provide adequate shelter and sanitation facilities for their families.

About Uganda

  • $1,500
    Average annual income
  • 143
    View loans »
    Uganda Loans Fundraising
  • $28,666,600
    Funds lent in using Kiva
  • 2,535.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,600 helped Jolly to buy cement and paint and to hire labourers to renovate her houses.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 20, 2012
Listed
Sep 29, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 20, 2013