Sadick started this business in 2010 after dropping out of school due to lack of tuition fees and in order to look after his poor parents. He wants a loan of UGX 2,000,000 (two million shillings) to complete his residential house which is currently under construction.
The major challenge for Sadick is the limited funds for the business since it is the only source of income for his daily expenses, funding the house construction and also taking care of his aged parents.
He hopes that the lenders will always avail them of funds whenever the need arises.
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.
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