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Vincent
Vincent is a married man aged 37 years. He has six children aged 18, 16, 10, 9, 7 and 4 years, and out of these children only three attend school. Vincent operates a business dealing in the sale of a local brew commonly known as waragi, and it is his major source of income to look after the family. He also practices agriculture but on a smaller scale as an additional source of income.

Vicent wants a loan of 1,000,000 (one million shillings) to complete his residential house under construction so that his family can have decent living conditions. Vincent's dream is to educate his children up to high institutions of learning.

However, his major challenge is the poor road network, most especially when it rains, which makes transportation of his waragi to market very difficult.

In the photograph is the loan officer at the forefront and the client at the back. This is the house Vincent wants to complete.

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
  • 286
    View loans »
    Uganda Loans Fundraising
  • $31,047,900
    Funds lent in using Kiva
  • 2,580.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Vincent to complete his residential house.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 19, 2013
Listed
Apr 29, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014