Edward is a 39-year-old married man with three children living in Masindi, Uganda. Edward has been a teacher for the last 12 years and he runs a catering business to supplement his salary. Since he started his business, Edward has managed to build a permanent house and bought a plot and a motorcycle. Edward’s dream is to educate his children, diversify his business and hire employees to help expand the business. Price fluctuation, inadequate capital and high fuel transportation costs are his great challenges.
Edward is requesting a loan to renovate 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.