Check out some available loans that are similar to this one!
Medard &mellon
Mellon and Medard are married, and they are residing in Nyamuhani Cell, Ntungamo District, Uganda. They are both teachers, whose income is not enough to support them to build a permanent residential house. Their current house was customary and in poor condition, having been given to the husband by his father.

Today, the couple wants to buy land where they can put a foundation, looking forward to building a better residential house to accommodate their children. They are a hard-working and committed couple. In the photo is the couple and the UGAFODE credit officer (right).

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
  • 294
    View loans »
    Uganda Loans Fundraising
  • $30,299,000
    Funds lent in using Kiva
  • 2,622.9
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Medard &mellon to buy a piece of land where they can eventually build a home.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 15, 2013
Listed
Mar 28, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013