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Johnson
Johnson is an old client of UGAFODE Microfinance Limited (MDI). He has been taking loans for his business which have enabled him to sustain his business. He applied for this loan buy more building materials and to finish his house.

Johnson lives in a rural area in Bugongi, Rukungiri District; he is aged 36 years and married with four children. He hopes to finish his house and educate his children so as to have a happy family in the future with a good business. Johnson and his family thank UGAFODE for the financial assistance which has enabled them to sustain the family business, and Johnson is now going to be able to house his children in a better family.

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

  • $1,500
    Average annual income
  • 361
    View loans »
    Uganda Loans Fundraising
  • $29,766,150
    Funds lent in using Kiva
  • 2,560.0
    Uganda Shillings (UGX) = $1 USD
Expired
A loan of $1,575 helped Johnson to buy building materials.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 6, 2013
Listed
Oct 7, 2013
Currency Exchange Loss:
Possible
Expired:
Nov 6, 2013