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.
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.
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