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Yafesa
Yafesa lives in the city outskirts and does welding to earn a living. He has a family of four children who are all in school. He is a trustworthy person whose hard work is paying off. He is mainly challenged by frequent power cuts which constantly disrupts his work. He needs money to buy iron sheets for his house so that he can stop renting and use the money he usually spends on rent to develop his business further. He is hard working.

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
  • 231
    View loans »
    Uganda Loans Fundraising
  • $31,010,850
    Funds lent in using Kiva
  • 2,526.5
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Yafesa to buy iron sheets.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 15, 2013
Listed
Dec 13, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014