Samson is 32 years old and has acquired a loan in the amount of 3,000,000 UGX. He is married with two children and two other dependents, all in school. He is a primary school teacher who borrowed his loan to complete construction of his family's residential house. He also has a grocery where he gets some additional income to support the family. His clients are people around his village and in the neighboring areas. He is a hardworking and visionary person whose main challenge is when he is unable to pay his children's and dependents' tuition in time and they are sent back home to clear their dues. He hopes that in the future, with the support from loans, his grocery business will expand and will therefore raise enough income to adequately meet the basic needs of life and support all of his dependents. In this photo is Samson (center), his wife on the right, and the Ugafode credit officer on the left.
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.