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Evalist
Evalist is 33 years old and married with three children aged 6, 3 and 1. He operates a waragi trade business as his major source of income to look after the family and he has had this business for the last 10 years. Evalist borrowed UGX 1,000,000 from Ugafode previously to use in his business. He says the loan helped him to get profits which he used to start constructing a house for his family.

Evalist now wants another loan of UGX 1,500,000 to buy material for completing the construction of his house. He hopes to pay back the loan in installments which will not affect his business.

Evalist has a dream of completing this house and having his family living in a good environment. However his major problem has been the limited capital he has in his business as opposed to the family expenses including payment of school fees. In the photograph is Evalist (left) and the credit officer (right).

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 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.

About Uganda

  • $1,500
    Average annual income
  • 163
    View loans »
    Uganda Loans Fundraising
  • $28,672,675
    Funds lent in using Kiva
  • 2,572.9
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Evalist to buy construction materials to complete his house.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 10, 2013
Listed
Aug 2, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014