Requesting aid to accumulate $30’000 toward housing my Family.
Before CoVID hit, my wife and I we close to purchasing a 400 square foot house for our family for four. We have two boys ages 13 and 7. Covid placed me out of employment, and my wife was left to carry us for a long time. Most of the money I had saved got used up due to me not earning money consistently. I lived where I worked, so losing the job meant losing the accommodation. Renting was not a option, so I reached out to my uncle who stayed at our Family house. He is soon to purchase it, but allowed us to reside in one of the three bedrooms. This move was supposed to be temporary.
Whilst living there, I tried a few methods to earn money, but none of these were able to sustain the situation. Having Insurance loans, the car loan etc. didn’t make it easy. My wife became depressed as she watched our savings taper toward keeping us alive. The money we had saved was meant as a deposit toward finally attaining a home. A lot has changed since this depression came on.
I was finally able to find stable work, which does not pay as well as my last. Our savings have been depleted. it’s been 2 years, and now that my Uncle has purchased the house, he wants to renovate and has alerted us of his plans to renovate. My mother is allowing us to build on a piece of land she owns, but we currently do not have the required deposit needed to satisfy the bank. Resting would place us at at a disadvantage of being able to save toward having a home.
The Bank is requesting a $30’000 deposit in order to give us a $207’000 loan. Living in a small room for 2 years has disturbed everyone. Time is short. We are trying to save, but we won’t have what we need before my uncle evicts us, and sends us back into a spiral of depression and or worse. As a man, keeping your Family together and providing the fundamental is of utmost importance. I do feel embarrassed making this request, but I have become desperate.