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Asuman
Asuman is a forty-one-year old first-time borrower applying for a 1,500,000 UGX loan. He has a wife and four children that he lives with in the unfinished house that he managed to get after getting some revenue from a rental unit. On top of the income he gets from the rental, he also supplies fire wood, a cheap source of cooking fuel, to secondary schools. He has four children who all attend school and he is hoping to educate them in good schools so that they can pass well and go to university.

Asuman would like to use the loan to finish his house so that he and his family can have descent accommodations.

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 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.

Tags

About Uganda

  • $1,500
    Average annual income
  • 104
    View loans »
    Uganda Loans Fundraising
  • $28,253,000
    Funds lent in using Kiva
  • 2,593.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Asuman to buy building materials for finishing his family residential house.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 7, 2013
Listed
Jun 19, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014