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George

Update on George

George is a thirty-one-year-old married man with one child living in Kasese, Uganda. His personal goals are to educate his children and build a permanent house. He has been a retailer for the last eight years after starting with capital of six hundred thousand shillings.The business has grown to more than five million.

His major hardships are price fluctuations and inadequate capital to purchase stock. However, he has a goal of diversifying his business to include farming and expanding his business to new areas. George needs a loan to buy soda and beer for resale.

Previous Loan Details

George is a 30-year-old, hardworking man that owns a house in Kasese, Uganda. He is charged with the responsibility of looking after his parents and siblings, and his goal is to make sure that the young ones in his family are educated.

He has been selling sodas and beers for seven years. W... More from George'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
  • 325
    View loans »
    Uganda Loans Fundraising
  • $29,746,975
    Funds lent in using Kiva
  • 2,295.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped George to buy soda and beer for resale.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 10, 2012
Listed
Mar 8, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 29, 2013
This photo was used before for a previous loan for George. It was first posted on Kiva on Aug, 2011. Learn More