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Peter
Peter is a businessman, married with two children. He concentrates on rentals to earn income to meet the needs of his household. He lets out the rooms to people at a monthly fee. He contracts houses for low income earners and he has over 10 rooms at the moment.
Peter has applied of UGX 3,000,000 to roof the new rooms under construction in the city outskirts. He hopes when the rooms are complete he will be able to earn income to meet his family needs adequately since he takes care of several dependants. The loan will increase his monthly collections that will be used in paying back the loan installments and expanding the rooms.
In set is Peter(left) with the Ugafode staff and the houses he intends to roof.

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
  • 258
    View loans »
    Uganda Loans Fundraising
  • $28,992,150
    Funds lent in using Kiva
  • 2,593.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Peter to buy roofing materials.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 8, 2013
Listed
Jul 30, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014