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Edward

Update on Edward

Edward owns and operates a retail shop. He is the recipient of a previous loan, which allowed him to add a bicycle repair section to his business. Edward feels that this addition to his shop helped him to realize some of his dreams. He has also been able to start building a permanent home for his family.

He is requesting a new loan in order to buy motorcycle spare parts for his shop.

Previous Loan Details

Edward would like a loan to purchase spare parts for resale in his retail shop that he has owned for 5 years. He is charged with the responsibility of taking care of his five children and two other dependants as his wife is not employed and they live in Kyenjojo, Uganda. Edward dreams of building... More from Edward'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
  • 304
    View loans »
    Uganda Loans Fundraising
  • $30,713,300
    Funds lent in using Kiva
  • 2,630.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Edward to purchase motorcycle spare parts for his shop.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 27, 2011
Listed
Nov 12, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2012