Permanent Houses Are Hard To Afford!

Most Americans have permanent houses, but Fred, who lives in Uganda wants a loan so he can buy supplies to build a permanent house for him and his family.

He is a 45 year old married man who has 3 children and needs to get supplies to build his house. He is carrying out different businesses including farming and selling consumable goods, but he still isn’t meeting his family needs.

Borrower image

We thought this loan was special because most Americans can afford to buy permanent houses, but Fred has to buy supplies to build a house for him and his family to live in.

BY: Dominic, Cole and Ryan

Giving A Necessity: Clean Water

I recently made a loan to a school in Uganda called Rock School. In Uganda, people don’t have access to a supply of clean drinking water, therefore more people are infected by water-borne illnesses such as diarrhea.

KIVA Rock School 1

This loan was made to help the school purchase a UV water filtration system so that the students can have clean water to drink while at school. They believe that if they have a clean water source, then more students will show up to school because of the decrease in water-borne illnesses.

Now this wasn’t exactly a picture perfect loan. This loan did have some downsides. This loan gets payed back over a 24 month period, irregularly. This means that we get a little bit of our money back every so often. But we do not know when we will get a bit back.

This social security agency also has a 3.72% loans at risk rate. This means that we have about a 4% chance of not getting any money back at all. But the risk is worth the reward.

If we do not get our money back, then I would still feel good about my decision to loan to Rock School because of why they needed the loan. Here in the United States, we don’t worry about the water that we drink being contaminated with disease. But in places like Uganda, they do have to worry about it all of the time.

#CleanWater

– Evan C.