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Charles
Charles is a married man with five children, two of whom are in higher institutions of learning. He has been doing various jobs including construction and agriculture to meet his household's needs. He sells plantains, which are a major delicacy to town dwellers, at affordable prices.

Charles would like the money to renovate his house to make it more habitable. He hopes he will be able to get another micro-mortgage loan to construct low income rental houses for those that cannot afford the high cost of living in the city. He is thankful that this product is so affordable and yet the period is long enough to give him time to find the money to pay back.

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 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.

About Uganda

  • $1,500
    Average annual income
  • 360
    View loans »
    Uganda Loans Fundraising
  • $30,344,450
    Funds lent in using Kiva
  • 2,620.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,925 helped Charles to buy construction materials to renovate his house.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 9, 2012
Listed
Nov 20, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013