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Richard, 38, is a permanent resident of a village in Isingiro District. He is married and has eight children and two other dependents he cares for on behalf of his brother, who is elderly. Four of his children and the dependents are in school. Since childhood, he has been a farmer, raising and selling matooke (cooking bananas). In 2008 when he learned about the existence of Ugafode Microfinance, and he approached them for his prior loan of UGX 3,000,000 to improve his farm. This has made him prosper in life, and he even managed to build a semi-permanent house to live in. He is applying for a loan UGX 4,000,000, to renovate his house and make it more habitable.

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
  • 143
    View loans »
    Uganda Loans Fundraising
  • $33,609,650
    Funds lent in using Kiva
  • 2,611.0
    Uganda Shillings (UGX) = $1 USD
A loan of $1,550 helped Richard to improve the semi-permanent house he built with part of his prior loan.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 12, 2014
Aug 10, 2014
Currency Exchange Loss:
Sep 9, 2014