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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.

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
  • 123
    View loans »
    Uganda Loans Fundraising
  • $33,817,625
    Funds lent in using Kiva
  • 2,572.9
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped John to buy building materials.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 12, 2013
Sep 24, 2013
Currency Exchange Loss:
Jan 17, 2015