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Banex
Banex, a married young man of 25 years, with one child, is from a humble background. He did not go far with school because his parents could not afford to pay his high school tuition. However, he got lucky because he recently found a contract job as a casual laborer with the construction firm working on the road leading to his town. He thinks that he will be able to save some of his wages to pay the monthly installments of the loan that he is using to pay for a piece of land.

He hopes to start making bricks after buying the plot of land, so that he can put up a shelter for his young family very soon. Banex is a hard-working, young man who wants to work hard, so that he can provide the best for his child, especially in terms of education.

Banex is standing in the center, between his parents on the left and his wife and credit officer on the right. They all consented to the photo and signed the waiver form.

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

  • $1,500
    Average annual income
  • 157
    View loans »
    Uganda Loans Fundraising
  • $28,703,800
    Funds lent in using Kiva
  • 2,600.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Banex to pay for a plot of land.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2013
Listed
Jun 25, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014