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Martin is a new customer in this institution. He is single, aged 30 and planning to marry very soon. He is a carpenter and in the evening he uses a motorcycle to transport people so as to make extra income. He works six days a week and it is because of this hard work that he has been able to purchase land and start construction on a house. The purpose of this loan is to finish his house, part of it is for his domestic use and another part will be used for his business to generate income to service this loan. His biggest customers are local schools that order desks and the local people from his village. Martin started this business back in 2001 to improve his living standards, the same dream he still harbors. His future plan is to expand this business, and to bring as many youths who have that talent to exercise them and showcase their skills and abilities. This will in turn create jobs for many, and develop him and the country at large. In spite of this, Martin faces challenges in the cost of materials and limited capital but since he is an honest and hardworking fellow, these problems won't be permanent. In the photo is Martin, his future wife and the Ugafode staff member (left to right).

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
  • 187
    View loans »
    Uganda Loans Fundraising
  • $32,667,650
    Funds lent in using Kiva
  • 2,664.9
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Martin to complete his house.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Jan 24, 2013
Jan 31, 2013
Currency Exchange Loss:
Dec 17, 2013