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Teopista
Teopista is 35 years married with 4 children and 4 other dependents that she is looking after due to financial constraints in the family and due to the death of the parents. She owns a saloon and a cosmetics shop, she also earns rent as another source of income. She has earned a lot from this business. She has been able to pay school fees for her 7 school going children/dependents and also construct houses for rent to add on to this income.

She is applying for a loan of 4,000,000shs to buy materials for finishing up her house - majorly plastering, fixing doors and windows in her house. She is looking forward to the time when the house is complete and she will no longer be renting.

Teopista's major challenge is the seasonality of her business where some times she fetches little profits which can not help in providing all the basic needs for her family and also put back into the business. Her dream is to own the largest saloon and cosmetic shop in her region. She is honest and a hard-working woman.

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.

Tags

About Uganda

  • $1,800
    Average annual income
  • 241
    View loans »
    Uganda Loans Fundraising
  • $31,036,700
    Funds lent in using Kiva
  • 2,560.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,575 helped Teopista to buy building materials.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 17, 2013
Listed
Sep 28, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 20, 2014