She went to school up to the level of secondary school, but her parents failed to continue with her studies due to the lack of funds to finance her studies. Therefore, she dropped out of school and decided to work as a house helper, from which she saved some small amount of money and decided to start up a small restaurant, which also challenged her, and later she tried selling secondhand shoes.
Prossy’s customers are mostly ladies, men and children around the area, and also other retailers. Prossy received a loan of 2,500,000 UGX to finish her small house so that she might be able to save the money she was paying for rent. She will use just a small portion to buy more stock of shoes.
Her major challenges are inadequate capital, competitors and rent charges. Prossy is a hardworking woman, and her aim is to have a good and big business that will help her improve her income and have a better life with her family.
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.
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Success!! The loan was 100% repaid