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Musa

Update on Musa

Musa hails from the Kyenjojo district in Uganda. He is a Ugandan male dealing in an electrical installation and repairs business. Aged 30-years, he is the father of 4 children whom he would like to see get a good education. Being in an area that didn’t have hydro power generators which are the main source of power supply in his small town, he was able to buy one with the savings from his salon. He also helps in installing generators for other people. Musa needs a loan to purchase electrical wires for resale.

Previous Loan Details

Twenty-nine-year-old Musa is a married man with three children. He lives in a house in Kyenjojo, Uganda. To earn income, Musa supplies power in Kyegegwa town using a generator and wants a loan to service his generator. Musa dreams of building a permanent residential house and becoming the s... More from Musa'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

  • $1,500
    Average annual income
  • 229
    View loans »
    Uganda Loans Fundraising
  • $29,183,825
    Funds lent in using Kiva
  • 2,865.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Musa to purchase electrical wires to resell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 21, 2011
Listed
Oct 15, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 16, 2012
This photo was used before for a previous loan for Musa. It was first posted on Kiva on Aug, 2010. Learn More