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Tom is a second-time borrower of the institution, applying for UGX 1,500,000. He serviced the previous credit facility well. He is a married man, and he has three children that he has managed to look after using the income from rental housing.

Tom has got one major challenge; his tenants complain that they are tired of living in houses without power. Because of this challenge, he has been forced to apply for the loan. He will use the loan funds to install electricity, which will meet his tenants’ demand and also add value to his rentals. Installing power involves purchasing wires and an electricity pole, and paying for labour.

He hopes that he will be able to continue paying the loan installments on time and that his houses will gain value and, thus, increase his income. In the photo is the UGAFODE credit officer (wearing a tie), Tom's wife (centre), and Tom.

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 Uganda

  • $1,800
    Average annual income
  • 132
    View loans »
    Uganda Loans Fundraising
  • $33,804,000
    Funds lent in using Kiva
  • 2,574.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Tom to install electricity in his rental houses.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Sep 13, 2013
Sep 21, 2013
Currency Exchange Loss:
Apr 16, 2014