Timothy is a 26-year-old married man with one child living in Bundibugyo ,Uganda. He is a teacher and has been in service for one year. Since he has been in the professional he has managed to buy land and pay dowry for his customary marriage. His other income-generating activity is cocoa growing and the crop has a ready market as the processing facilities are only 5 kilometeres from his plantation. His challenged with low salary and his personal goal is building a permanent residential house. The purpose of the loan is to purchase building materials like bricks and cement for his residential house.
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.