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Irene

Update on Irene

Irene is a 38-year-old married woman with six children. She used her previous loan to buy a taxi and educate her children. However, she is facing the challenge of increasing fuel prices which are decreasing the income from her taxi business.

Irene is requesting another loan to buy sugar, soap, and beans to sell at the retail shop that she owns. She wants to boost sales at her shop because it has lower operational costs.

Previous Loan Details

Irene is a thirty-eight-year-old woman, married with six children, living in her own house in Fort Portal, Uganda, longing to have a permanent house for a residence as they are currently in a semi-permanent one. She deals in a number of businesses such as retail shop, poultry and taxi businesses ... More from Irene'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
  • 243
    View loans »
    Uganda Loans Fundraising
  • $31,036,700
    Funds lent in using Kiva
  • 2,885.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Irene to purchase sugar, soap, and beans to sell.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 11, 2011
Listed
Oct 17, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012
This photo was used before for a previous loan for Irene. It was first posted on Kiva on Dec, 2010. Learn More