Funded

Total loan: $1,175
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John

Uganda
Bombo Road, Uganda / Personal Housing Expenses

A loan of $1,175 helped to buy building materials.


John's story

John is a second-time borrower of the institution applying for ugx.3,000,000. He is a married man of four children, who he stays with in his unfinished house. He is 55 years old. He is a mechanic and that is what has enabled him look after his family by providing the basic needs and educating his children. John has a challenge of solely depending on income from one source. He has hope that given the loan, he will be able to finish constructing his small house and also be able to build a rental unit as a way of enhancing his income.

He has future plans of borrowing more money from UGAFODE Microfinance Ltd and making sure he repays well as a way of building a good credit history with the institution, so that the institution lends him larger amounts of money to have many rental houses constructed and therefore increase his income.



Loan details

Loan length:

14 months
Disbursed date: September 12, 2013
Facilitated by Field Partner: UGAFODE Microfinance Limited

Lenders and lending teams




Loan details

Loan length:

14 months
Disbursed date: September 12, 2013
Facilitated by Field Partner: UGAFODE Microfinance Limited