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Abubakar

Update on Abubakar

Abubakar, a 37-year-old married man with the responsibility of looking after his children, used his previous loan to buy fuel and building materials such as sand, bricks and stones to sell. The resulting profits enabled him to diversify his business and provide the basics for his family.



Still facing the challenge of limited funds to meet increasing customer demand, Abubakar is requesting this loan to buy more fuel, sand, bricks, and stones for resale.

Previous Loan Details

Abubakar is a thirty-six-year-old man, married to a teacher with three children living in a rented house in Fort Portal, Uganda. His family wish is to educate his children and improve the daily incomes and savings since he has the duty to provide the basics to his dependents. He has a lorry and has… More from Abubakar'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
  • 161
    View loans »
    Uganda Loans Fundraising
  • $28,315,525
    Funds lent in using Kiva
  • 2,410.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Abubakar to buy fuel, sand, bricks, and stones for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 9, 2012
Listed
Jan 16, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2012
This photo was used before for a previous loan for Abubakar. It was first posted on Kiva on Nov, 2010. Learn More