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Ernest

Update on Ernest

Ernest is a 42-year-old married man with six children living in Kyenjojo, Uganda. He used the previous loan to purchase land. He now intends to buy cows for rearing and sell them after.His dream is to educate his children ,build a permanent residential house and set up a big ranch.

Previous Loan Details

Ernest, aged 41, is a married man living in a permanent house in Kyenjojo, Uganda. He grows bananas, rears cattle, and has a retail shop. He dreams of educating his children and expanding his enterprises so as to increase household income. Ernest needs the loan to purchase land for farming. More from Ernest'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
  • 296
    View loans »
    Uganda Loans Fundraising
  • $29,599,275
    Funds lent in using Kiva
  • 2,567.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Ernest to buy cows for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 24, 2011
Listed
Dec 16, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 16, 2012