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Clovice

Update on Clovice

Clovice used the previous loan to buy manure and pesticides for his farm so as to increase his production which can be evidenced by the fact that he now has a poultry project alongside farming. His challenges are price fluctuations, inflation, and customers not paying on time. His dream is to educate his children and buy land to grow crops.

Previous Loan Details

Clovice is a 59-year-old married man with ten children. He lives in a permanent house in Fort Portal, Uganda. Clovice grows bananas on a large scale and this has enabled him to pay school fees for his children. His major hardship is price fluctuations during harvest time. He wants to enlarge his ... More from Clovice'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
  • 418
    View loans »
    Uganda Loans Fundraising
  • $30,364,350
    Funds lent in using Kiva
  • 2,365.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Clovice to buy chicks for rearing.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 18, 2012
Listed
Jan 26, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2012
This photo was used before for a previous loan for Clovice. It was first posted on Kiva on Jul, 2011. Learn More