Robert has applied for 5,000,000 (five million shillings), which he wants to use to complete the floors and paint the interior of his rental apartments (shown in the photo), so that he can get tenants to move in.
He plans to use the income that will be collected from the new rental units to pay back the loan and use the savings to build more rooms. His dream is to one day be self-sufficient, not relying on loans to construct the apartments.
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.
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