He supplements his income by practicing agriculture, but on a smaller scale. Because of the smaller business he operates, the income generated is not sufficient enough to improve the living conditions of the family.
Currently, Tumusiime and his family are staying in a mud and wattle house which is not good for them. Tumusiime has now applied for a loan of UGX 2,000,000 (Two million shillings only) to complete the construction of his residential house so that their living conditions can be improved.
Tumusiime's dream is to complete this house and embark on expanding his business for good returns from it in the future. In the photo, Tumusiime is in front of the house under construction.
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.
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Success!! The loan was 100% repaid