Wilson rears cattle in Kagaramira village; he sells some cows to neighborhoods for slaughtering and to butchers from all corners. He also earns some money selling milk from the cows. He has been in this business for fifteen years. He also sells goats to add to his source of income. He wants a loan of 5,000,000 UGX to buy building materials for completion of his homestead so that he can conveniently house his children well. He will use the money from selling cows to repay the loan.
The major challenges of rearing cattle are diseases which attack the cows, competition, price fluctuations, and theft of cows. Wilson is a hardworking and self-motivated man.
His dream is to save up enough money to become an extensive agriculturalist.
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.
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