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Update on Teresforo

Teresforo needs another loan to buy seedlings for planting. He has been growing tea, and with the income he earned, he has been able to pay school fees for his children.

He has challenges of limited capital to pay his workers and his dream is to own an estate.

Previous Loan Details

Teresforo is a 62 year-old hardworking man living in Fort Portal Uganda, with an ambition of having a family estate. He is a farmer and has been in this practice for forty years now which has enabled him to pay school fees for his children as most of them are now graduates. His business plan is ... More from Teresforo's previous loan »

Additional Information

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Uganda

  • $1,800
    Average annual income
  • 286
    View loans »
    Uganda Loans Fundraising
  • $31,111,650
    Funds lent in using Kiva
  • 2,865.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Teresforo to buy tea seedlings for planting.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Oct 6, 2011
Oct 15, 2011
Currency Exchange Loss:
Aug 15, 2012
This photo was used before for a previous loan for Teresforo. It was first posted on Kiva on Jan, 2011. Learn More