Ronald has applied for a loan of UGX 2,500,000 to enable him to buy building materials to complete his rental house, which will give him more income in future than staining the restaurant alone.
He hopes when the money comes as additional income, he will no longer strain his business and therefore increase his income. Ronald is standing on the right, the person to his left is the UGAFODE staff. He hopes to pay back the loan well such that he maintains the partnership.
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.
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