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Tadeo
Tadeo is married with five children who are all school-going and he is in charge of paying their school fees plus meeting all the basic needs of the family. He is into an agricultural trade business and it is from this that he has managed to take care of the needs of his family. In addition to agricultural trade, Tadeo trades in local brew commonly known as 'waragi' to supplement his income.

He wants a loan of 2,000,000 UGX. With the loan he will be able to renovate his residential house that is in a sorry state as witnessed in the picture. Apparently he is not safe from rodents like rats and ants which access his house easily due to the aged wood. He also wants to renovate the leaking roof because the children are continuously hit by rains, more so in this rainy season.

His dream is to construct a permanent house for the family in the near future. He will use the proceeds from his business to repay the loan. He still has challenges of limited capital and the fluctuation of agricultural products on the market. In the photograph is Tadeo with the UGAFODE Credit officer.

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.

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
  • 347
    View loans »
    Uganda Loans Fundraising
  • $30,339,150
    Funds lent in using Kiva
  • 2,635.1
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Tadeo to renovate his residential house.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 2, 2013
Listed
Mar 19, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014