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Costance
Costance is a resident of Nyamityobora, a village in the Mbarara municipality. She got married at an early age of 17 years. She has joined hands with her husband and got a loan from Ugafode, which they used to start up a small retail shop. This shop has grown and is able to support the family. They have also managed to build a house, and they are requesting a loan of 3,000,000 Ugandan shillings to complete the house.

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
  • 93
    View loans »
    Uganda Loans Fundraising
  • $28,249,475
    Funds lent in using Kiva
  • 2,580.5
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Costance to complete construction of the house she is building with her husband.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 5, 2013
Listed
Aug 8, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014