Fred Kamoga

Status: Ended with Loss - Defaulted

$1,200.00		Loan Request
$860.00		Paid Back

About the Entrepreneur

Name:	Fred Kamoga
Location:	Luwero Uganda, Uganda
Activity:	Agriculture

About the Loan

Loan Amount:	$1,200.00
Loan Use:	Planting pineapples and sugarcane
Repayment Term:	17 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	N/A
Date Listed:	Aug 31, 2007
Date Disbursed:	Sep 14, 2007
Date Funded:	Aug 31, 2007

About the Field Partner

Field Partner:

Share an Opportunity Microfinance Ltd. (SAO MFI)

Field Partner Risk Rating:

(Learn more)

Closed

32 months

$60,125

N/A - No Paying Back Loans

Default Rate:

5.07%

Currency Exchange Loss Rate:

0.00%

About the Country

Country:	Uganda
Avg Annual Income:	$1,700.00
Currency:	United States Dollars (USD)

Mr Kamoga Fred is 55 years of age and happily married with two children .He owns a piece of land and part of it accommodates his residential home. Fred’s dream is to venture into commercial farming. He would like to plant sugarcane and pineapples.

According to Fred, he will be able to employ a large number of casual employees, hence creating employment for some people in his community. He is requesting for a loan of $ 1,214 to start his project. Earnings from sale of bananas from their garden and milk from their cows will be used to repay the loan.

Because the approved total loan amount is greater than Kiva's maximum loan amount, SAO MFI will be providing the difference of $14. Thank you very much for your support.

Lenders to this entrepreneur

Yo
Koto-Ku, Tokyo
Japan

Rosy
York, Yorkshire
United Kingdom

Michael
Västra Frölunda,
Sweden

Nick
Boston, MA
United States

Christopher Shirk
California
United States

Griffen
Charlotte, NC
United States

Matt
Riverside, CA
United States

Wayne & Betsy
Tullahoma, TN
United States

Anonymous
Lewisville, TX
United States

Shahin Murphy
Toronto, ON
Canada

Madeleine
Cambridge, MA
United States

Terry T
Calgary, Alberta
Canada

paul and jane
stafford, staffs

Willy
Bilthoven,
Netherlands

anita
pittsburgh, PA
United States

Katri
Geneva,
Switzerland

Tom

United States

Steven W.
Denver, CO
United States

Ahmed
Collierville, TN
United States

Simon
Seattle, WA
United States

McGarrity family
Phoenixville, PA
United States

Kevina
washington, DC
United States

Anonymous
Seattle, WA
United States

nima
chevy chase, MD
United States

Anonymous
AK
United States

Journal entries for Fred Kamoga

Loan has been disbursed Entrepreneur: Fred Kamoga Location: Luwero Uganda, Uganda Thank you for your loan. It has been disbursed to Fred Kamoga by Share an Opportunity Microfinance Ltd. in Uganda. We are excited to watch this business grow. Over the next 14 - 20 months, Share an Opportunity Microfinance Ltd. will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by from Luwero Uganda, Uganda Sep 14, 2007
Comment on this entry

Fred's Pine trees Entrepreneur: Fred Kamoga Location: Luwero Uganda, Uganda Mr. Kamoga Fred is a farmer who borrowed money for the purpose of planting pine trees as a long term business. He has managed to plant over one thousand trees in the last nine months since borrowing money Kiva.og through SAO MFI. He has experienced some challenges of weather change, man power and limited finance for the long term business. He used the money to buy pine tree seedlings, clearing the bush and cultivation of the land. He is engaged in the process of planting with his family and this is still going on following the rain season for watering. Fred is employed with a tour and travel company in Kampala –Uganda. He uses his pay to repay the loan acquired from kiva –SAO MFI, however his nature of work is seasonal and this leads to off/on repayments. He is sending his sincere greetings to Kiva lenders (thank you very much) who have helped him achieve his goal through SAO Microfinance. The photo attached shows Fred’s family offloading pine trees.
Posted by Samuel Mayanja Ssekajja from Luwero Uganda, Uganda Aug 13, 2008
Comment on this entry

Default Entrepreneur: Fred Kamoga Location: Luwero Uganda, Uganda Dear Lender This is an update on your loan to Fred Kamoga in Uganda. Thank you for supporting the low-income Ugandan entrepreneur listed above by lending through Kiva. You may have noticed that repayments on this loan have not been coming in for quite some time. After repeated attempts to collect funds from Share an Opportunity MFI Ltd, the Kiva field partner disbursing and collecting repayments from this entrepreneur, our team has determined that further repayments on your loan are highly unlikely. Therefore, this loan is now considered to be in default. To learn more, please visit: http://www.kiva.org/about/aboutPartner?id=37 Although your loan was not repaid in full in this case, we hope you realize that over 95% of loans have been repaid in full to date on Kiva. We hope you'll give lending to developing world entrepreneurs another chance in the future. Thank you, Ben Elberger Kiva Staff Microfinance Partnerships Manager Anglophone Africa
Posted by Benjamin Elberger, Kiva Staff, from San Francisco, United States Feb 9, 2009
Comment on this entry

Repayment Schedule for Fred Kamoga

Show Advanced

	Expected Repayments	Actual Repayments	Comments
December 2007	$85.71	$86.00	Repayment Received
January 2008	$85.71	$86.00	Repayment Received
February 2008	$85.71	$86.00	Repayment Received
March 2008	$85.71	$86.00	Repayment Received
April 2008	$85.71	$86.00	Repayment Received
May 2008	$85.71	$86.00	Repayment Received
June 2008	$85.71	$86.00	Repayment Received
July 2008	$85.71	$0.00	Repayment Received
August 2008	$85.71	$0.00	Repayment Received
September 2008	$85.71	$258.00	Repayment Received
October 2008	$85.71	$0.00	Delinquent
November 2008	$85.71	$0.00	Delinquent
December 2008	$85.71	$0.00	Delinquent
January 2009	$85.77	$0.00	Delinquent