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Fred

Update on Fred

Fred is a married man, aged 52 years, with eight children living in Kyenjojo, Uganda. With the previous loan, he was able to earn a profit and used it to construct a permanent house where he now lives with his family. The profits will also allow his children to pursue their education.
In his business he is faced with a challenge of price fluctuations. His business plan is to acquire a lorry truck for the transportation of his produce. Fred wants another loan to buy cattle to resell.

Previous Loan Details

Fred is a gentle man, aged 50 years, and is married with seven children. He lives in a semi-permanent house in Kyenjojo, Uganda. As for Fred's family dream, he says he wants his children to study and have their own stable incomes in the future. Fred is a cattle farmer dealing in rearing, buyin... More from Fred'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
  • 289
    View loans »
    Uganda Loans Fundraising
  • $31,090,750
    Funds lent in using Kiva
  • 2,380.0
    Uganda Shillings (UGX) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $850 helped Fred to buy cattle to resell at a profit.
90% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 19, 2011
Listed
Dec 16, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2015
This photo was used before for a previous loan for Fred. It was first posted on Kiva on Sep, 2010. Learn More