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James

Update on James

James wants a loan to acquire digital satellite television equipment for his salon. In his efforts to set up a beauty salon, he feels it is necessary to keep his clients entertained. He acquired his initial capital from farming and his dream is to have the most modern salon in town.

Previous Loan Details

James is 40 years old married with twelve children. From farming, he accumulated savings which he used to start up his barber shop. He lives in Kyenjojo, Uganda, where he owns a house in which he lives with his family. He dreams of educating his children. James wants a loan to buy hairdryers a... More from James'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
  • 197
    View loans »
    Uganda Loans Fundraising
  • $29,130,450
    Funds lent in using Kiva
  • 2,860.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped James to acquire digital satellite television equipment.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 30, 2011
Listed
Oct 16, 2011
Currency Exchange Loss:
Possible
Ended:
May 16, 2012
This photo was used before for a previous loan for James. It was first posted on Kiva on Aug, 2010. Learn More