Musisi is a 71-year-old married man with five children living in Kasese, Uganda. He is a farmer, and with the proceeds from this business he has been able to pay school fees for his children and buy more land. He also earns additional income from his monthly pension. Diseases and unpredictable weather changes hinder his growth, while his dream is to venture into modern farming. His old house is on the verge of collapse, and he has started building a new house and is at window level. Musisi intends to use this loan to buy more construction materials like bricks and cement for his residential 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.