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Stephen
Stephen is aged 48 years old. He is married with 6 children, five of whom attend school and he is in charge for payment of their school fees. He is a farmer, mainly growing sugarcane, banana, coffee and pineapples for both commercial and home consumption. Stephen gets additional income from cattle rearing. Stephen has approached Ugafode for a loan of UGX 2,000,000 to complete the construction of his house. He intends to buy iron sheets, doors, windows and paying workers to give his family better accomodation. Stephen says he will be able to pay back the loan in smaller installment using proceeds from the sale of banana and pineapples. Stephen faces the challenge of weather which is unreliable and affects his agricultural projects at times. His dream is to complete his house and to buy a tractor to ease his agricultural projects.

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
  • 147
    View loans »
    Uganda Loans Fundraising
  • $28,315,525
    Funds lent in using Kiva
  • 2,574.8
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Stephen to buy iron sheets, doors and windows.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 6, 2013
Listed
Aug 15, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014