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Haruna
Haruna is new client who is in the business of sand mining in the district next to the city. He has been in this business for four years. He is applying for a loan of two million Uganda Shillings to buy more land for sand mining so as to expand his business.

He plans to use the profits from his sand mining projects to pay back the loan and also save some money that he will use to build a house for his family and also pay fees for his children when they reach university.

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 Uganda

  • $1,800
    Average annual income
  • 273
    View loans »
    Uganda Loans Fundraising
  • $30,713,300
    Funds lent in using Kiva
  • 2,560.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Haruna to buy a piece of land for sand mining.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 18, 2013
Listed
Apr 23, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014