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Fatuma

Update on Fatuma

Fatuma is extremely grateful to the Kiva lenders who lended two loans to her previously when she needed money most. Because of her grocery store business, Fatuma has been able to help support her husband in paying for their first marital home to be built. However, it is still incomplete. Therefore Fatuma is requesting this particular loan to pay for more materials such as cement and shutters so they can finish building their home. She will also use a small part to buy some stock for her grocery store. She is a very hardworking and resilient woman.

Previous Loan Details

Fatuma is a married woman, aged 37 years, with 4 children aged between 2 and 15 years old. Three of them are school age and attend a nearby school. She started a grocery using loan funds from Ugafode and has grown it to its current status since 2004. She works all the days of the week so that ... More from Fatuma's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

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
  • 250
    View loans »
    Uganda Loans Fundraising
  • $28,992,150
    Funds lent in using Kiva
  • 2,664.9
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Fatuma to buy materials to finish building her house.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 6, 2012
Listed
Dec 28, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 20, 2013
This photo was used before for a previous loan for Fatuma. It was first posted on Kiva on Jun, 2012. Learn More