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Ronald
Ronald resides at Nyabubare cell. He is a long-time client of Ugafode. He runs a restaurant in town as his business.

Ronald has applied for a loan of UGX 2,500,000 to enable him to buy building materials to complete his rental house, which will give him more income in future than staining the restaurant alone.

He hopes when the money comes as additional income, he will no longer strain his business and therefore increase his income. Ronald is standing on the right, the person to his left is the UGAFODE staff. He hopes to pay back the loan well such that he maintains the partnership.

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
  • 362
    View loans »
    Uganda Loans Fundraising
  • $30,344,450
    Funds lent in using Kiva
  • 2,602.0
    Uganda Shillings (UGX) = $1 USD
Expired
A loan of $975 helped Ronald to complete his rental house.
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 8, 2013
Listed
Jul 3, 2013
Currency Exchange Loss:
Possible
Expired:
Aug 2, 2013