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Richard
Richard is a 50-year-old, hard-working, married man with nine children, living in Bundibugyo, Uganda.

He owns a hotel business which has enabled him to support his family and educate his children. He also deals in agriculture as his side income and has cows. He faces a challenge of increased prices of food products which are a result of weather changes.

Despite these challenges, his dream is to expand his business into a renowned restaurant in Bundibugyo Town and also to complete his house.

Richard intends to use the loan to buy building materials, such as bricks and cement, to complete his house.

Additional Information

More information about this loan

This loan is part of HOFOKAM's program targeting poor and geographically excluded populations in Western Uganda. In addition to loans, it provides social and business training programs to low-income entrepreneurs and their communities. Since 2003, HOFOKAM has provided sustainable financial and non-financial services to promote social, economic and sustainable land development and improve the quality of life for vulnerable populations. The organization has a clear vested interest in underserved communities with its headquarters in rural Fort Portal and a number of branches in extremely remote areas.
 

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

  • $1,800
    Average annual income
  • 289
    View loans »
    Uganda Loans Fundraising
  • $31,090,750
    Funds lent in using Kiva
  • 2,593.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Richard to buy building materials, such as bricks and cement, to complete his house.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 22, 2013
Listed
Jun 18, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2014