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Fred is a 54-year-old married man with eight children and two dependents.

He is a farmer who grows the popular Ugandan plantains and keeps animals. He started this activity in 1990 with the purpose of earning a living and also paying tuition for his children. His clients are people around the town.

The loan will help him to buy construction materials for his incomplete residential house. He has been building in phases, but is excited that Ugafode is giving him a helping hand in the form of a micro-mortgage loan that is very affordable in terms of interest rates. Building a decent permanent house has been his dream since he was from a humble background, where they used to scramble for a sleeping place, but he wants to make a difference for his children.

He hopes to build rentals in the future to help him pay tuition at university since most of his children are soon entering university.

His challenges are animal diseases and the expensive veterinary drugs that have affected his milk production.

He is a hardworking man. If given support, he can strive to achieve his intended objectives.

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

  • $1,800
    Average annual income
  • 94
    View loans »
    Uganda Loans Fundraising
  • $33,590,725
    Funds lent in using Kiva
  • 2,655.9
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,900 helped Fred to buy construction materials to finish his incomplete house.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Dec 14, 2012
Jan 5, 2013
Currency Exchange Loss:
Jun 17, 2014