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Robert

Update on Robert

Robert used the previous loan to buy a motorcycle that he uses for his transport business. He has been in this sector for the last two and a half years. He has found the sector to be very lucrative. His major challenge has been mechanical breakdowns due to bad roads. His dream is to own at least three motorcycles so as to spread the risks arising from mechanical breakdowns. He dreams of educating his children and building a permanent house for his family. Robert needs the new loan to buy a another motorcycle.

Previous Loan Details

Robert is a twenty-year-old ambitious man living in a rented house in Fort Portal, Uganda, with a dream of building his own house in the next five years. He has been providing motorcycle transportation for two years and his major challenge is having to remit 80% to his employer. He dreams of o... More from Robert'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
  • 234
    View loans »
    Uganda Loans Fundraising
  • $29,183,825
    Funds lent in using Kiva
  • 2,410.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Robert to buy a second motorcycle.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 5, 2012
Listed
Jan 16, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013
This photo was used before for a previous loan for Robert. It was first posted on Kiva on Mar, 2011. Learn More