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.
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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.
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Success!! The loan was 100% repaid